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.

(http://www.tico.ca/files/ExplanatoryPaper-Reg170-July2016.pdf)