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Saturday,  May 25, 2024 2:20 PM 

TICO waives fees to provide financial relief to registrants

  • Buzz
  •   03-23-2021  11:32 am
  •   Pax Global Media

TICO waives fees to provide financial relief to registrants
Richard Smart, TICO’s President and CEO. (Pax Global Media/file photo)
Pax Global Media

The Travel Industry Council of Ontario (TICO) is waiving its annual registration renewal fees and Travel Industry Compensation Fund payments for members from April 1, 2021 – March 31, 2022.

Announcing the news in its latest Registrar Bulletin, TICO states that it recognizes how the coronavirus crisis “continues to cause registrants severe financial strain.”

“We are pleased to share that the Ontario Government will be providing new funding to the Travel Industry Council of Ontario (TICO) so that we can assist travel agents and wholesalers through these difficult times,” reads the bulletin. “This financial support will also allow TICO to maintain a focus on its important consumer protection mandate.”

The waiver applies to all registrants registered with TICO as of March 31, 2021.

TICO notes that registrants subject to the waiver are still required to complete and submit their Registration Renewal Form (without payment) and their Form-1 (without payment) by the filing deadline.

TICO says that it, alongside the Ontario government, is committed to working with industry partners to support the recovery of the travel industry.

“The travel industry has been hard hit during the course of this pandemic. That is why we are providing additional funding to ensure that TICO is able to continue their operations. This funding will also enable TICO to provide some support to registrants through the waiver of registrant fees,” said Lisa Thompson, Minister of Government and Consumer Services, in a statement. “We all look forward to a time when we can once again enjoy travel with friends and family; that means ensuring travel agents and wholesalers are supported as our economy recovers.”

“TICO appreciates the continued support of the Ontario government in the provision of financial assistance. We remain focused on maintaining consumer protection and effective regulation of Ontario’s travel industry despite the persistent and extraordinary challenges brought on by COVID-19,” added Richard Smart, TICO’s President and CEO. “We value the opportunity this assistance affords in enabling us to continue supporting our registrants during this difficult time.”

This financial relief is in addition to a similar fee waiver for registrants implemented last year for fees owing between April 1, 2020 and March 31, 2021.

The Ontario government and TICO recognize that registrants may require additional financial support during the pandemic to assist with business recovery efforts.

This fee waiver is in addition to other COVID-19 relief programs provided by the province which can be found here.

TICO is currently operating remotely, but reminds members that it is still available to assist with questions.  For more information, please click here.

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