TICO Assists With Regulation Changes
The Travel Industry Council of Ontario (TICO) is reminding stakeholders that amendments to Ontario Regulation 26/05 came into force on July 1 and has released an “Explanatory Paper” to help with any confusion.
The following is a summary of the amendments:
- Exempting businesses that exclusively offer one day tours from the requirements of the Act.
- Modifying the security deposit and working capital requirements to provide some flexibility for lower risk businesses that are closely tied to government.
- Aligning the filing deadline for regular claims and trip completion claims at six months.
Effective January 1, 2017:
- All-in pricing. This provision will require registered businesses to display the total price to consumers, including all fees, levies and other charges, when advertising travel services.