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Industry Advisory: Compensation Fund Rate increase effective April 1, 2017

from TICO

The Travel Industry Council of Ontario (TICO) would like to remind all registrants that the increase to the Compensation Fund Contribution Rate from $0.20 to $0.25 per thousand dollars of Ontario sales becomes effective April 1, 2017. Last year, TICO announced its Board of Directors had approved a phased-in increase over two years. The phased in approach was to provide some relief to registrants. Phase 1 allowed for an increase from $0.15 to $0.20 per thousand dollars of Ontario sales and became effective on July 1, 2016. more


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