TICO Issues Reminder: Final week to Provide Input on Funding Framework

In an online advisory, TICO said it has begun consulting on its five proposals for its future funding framework.

"We thank everyone who has already shared their feedback. Registrant participation in this consultation has been limited. If you would like to provide your input, we encourage you to do so before the consultation concludes on 10NOV 2023 at 4 pm."

On 05OCT 2023, Open Jaw reported that TICO unveiled recommendations to revamp its funding framework. TICO said the proposals offer a balanced approach to meet the needs of both consumers and the industry.

At the time, TICO stated that the proposal reflected its "commitment to develop a fair and modern funding model that reflects cost recovery, delivers value to stakeholders during this time of industry renewal, and continues to keep consumer protection at the forefront."

CATO has since stated that there is "nothing in substance to improve consumer protection," referring to it as "a proposal for cosmetic changes that ignores the fundamental problem of an outdated Ontario Travel Industry Act (TIA). A proposal that is more smoke and mirror."

TICO's Chief Financial & Administrative Officer Sanja Skrbic provided an overview of TICO's proposals - click here to watch.

To see the full slide presentation used at TICO's consultation sessions, please click here.

Consultations – Have your Say

There are two ways to get involved:

1. Complete an online survey and provide your written feedback

Click here to get started

The survey will remain open until 10NOV 2023 at 4 p.m.

The survey takes approximately 10-15 minutes to complete.

2. Attend TICO's final virtual focus group

10NOV – Virtual (Zoom)

10 am – 12 pm – Click here to register

For more information, visit TICO's website.

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