TICO is currently developing educational information to assist TICO registrants understand the requirements under the Travel Industry Act, 2002 and Ontario Regulation 26/05.


TICO’s Financial Compliance Webinars - Fall Schedule 

With a focus on trust accounting, the webinar is beneficial to all Registrants as it covers topics under the legislation which are required to be followed by all.  Individuals responsible for the financial compliance under the Travel Industry Act and the Regulation would receive most benefit from attendance.

The webinar is free of charge and all the necessary materials will be included as part of the webinar.

The Webinar schedule for the fall of 2017 is the following:

Friday            September 22nd      9:00 a.m. -10:00 a.m.
Wednesday   September 27th       9:00 a.m. - 10:00 a.m.
Thursday       October 12th            3:00 p.m. - 4:00 p.m.
Thursday       October 19th            3:00 p.m. - 4:00 p.m.
Tuesday        October 24th            9:00 a.m. - 10:00 a.m.
Thursday       October 26th            3:00 p.m. - 4:00 p.m.
Tuesday        November 7th           9:00 a.m. - 10:00 a.m.
Tuesday        November 14th         3:00 p.m. - 4:00 p.m.
Tuesday        November 21st          9:00 a.m. - 10:00 a.m.

To Register - click here

After registering, you will receive a confirmation email containing information about joining the webinar.

Should you have any questions, please contact:
Annie Tse, Financial Compliance Administrator
Tel: (905) 624-6241 ext 248 or 1-888-451-8426 ext 248 

 

Tico Tips Tutorial on Trust Reconciliations

In the Trust Reconciliations tutorial you will be provided with step-by-step procedures on the basic methodology of preparing a trust reconciliation. This tutorial will equip you with an understanding of trust balances and how to prepare a trust reconciliation, a chief component of trust accounting compliance.

Tools for Success Compliance Tutorial

TICO has developed interactive tools to help you succeed and to assist you with being compliant with the travel legislation.  These tools are important and will give you the assistance you need to check your invoicing and advertising and will also help you provide the required disclosure at the time of booking.  Please click and view and if you have any questions, please contact TICO’s Compliance Department.

Tico Tips For Working Capital

In the Working Capital tutorial you will be guided through a sample calculation of working capital.  Use the balances from your latest balance sheet to determine the amount of working capital for your business.  Then, based on the last reported annual Gross Ontario Sales, compare the amount of working capital you calculated to the minimum amount that must be maintained as shown on the working capital table in this TICO Tips lesson.