How to Make Changes to TICO Registration Information

When a TICO Registrant has changes to its registration information, all Registrants are required to notify the Registrar at least 5 days before any of the following events by completing a Notice of Business Change Form:

  • Change of address to the office or branch office.
  • Change of the person named as the Supervisor/Manager on the TICO Registration for the office or branch office.
  • Change in the name or number of a bank account including a change in financial institution in which an account is required to be maintained.
  • Change or addition of URL (Website) address(es)

TICO Registrants are required to notify the Registrar at least 5 days after the following event and complete a Notice of Business Change Form:

  • Change in the Directors of a Registrant that is a Corporation.

Change of Shareholder(s)

A Registrant must advise the Registrar within 5 days if there is a change of shareholders. If the shareholder change is an individual, a Notice of Business Change Form must be completed along with a copy of the shareholder resolution. If the new shareholder is a corporation, a Corporate Shareholder Information Form is required.

Checklist for Change of Ownership

If the registrant is a corporation and there is a majority change of ownership, the following documents are required and must be submitted to TICO:

  • Complete Notice of Business Change form (NOBC-2010-5)
  • Security Deposit in the amount of $10,000.00 for each registrant.
  • Latest financial statement or Opening Balance Sheet of the registrant at the time of closing; minimum working capital must be met as per Section 24 of Regulation 26/05.
    • Must include Reconciliation of Customer Liabilities (trust reconciliation)
    • Must provide details of any prepaid expenses and any outstanding liabilities
  • Designated Manager must pass TICO exams. Schedule “A”, Detailed Resume, proof of travel industry experiences, copy of TICO Education Standard certificates are required.
  • Copy of Agreement of Purchase and Sale.
  • Copy of Board of Directors Resolution regarding the transfer of shares.
  • Copy of Form 1 submitted to the Ministry of Government and Consumer Services, Service Ontario to update the officers/directors of the corporation.
  • Submit criminal record checks for each new officer, director and manager.
  • Background checks and credit checks will be done on new officer(s), director(s), shareholder(s) and manager. Government Photo ID must be submitted.
  • Acknowledge Terms and Conditions of Registration.

** Please note that the old owner(s) are still liable to the company until such time as the new owners(s) are approved by TICO.

Add or Change of Officer(s) and Director(s)

A Registrant must notify the Ontario Ministry of Government and Consumer Services and complete a Form 1. The Government Form will require the updated information for the new Officers Directors to be provided. A Registrant must then complete a TICO Notice of Business Form and provide a copy of the completed Government Form.

Change of Fiscal Year End

A Registrant must advise the Registrar of a change to their fiscal year end and complete a Notice of Business Change Form which must be accompanied by a letter from Revenue Canada approving the year end change.

TICO Registration is Not Transferable

Should a Registrant sell the assets of the company, the TICO registration is not transferable to the purchasers. The purchaser must complete a TICO registration Form and meet the registration requirements to establish a new TICO registration.

If you are interested in receiving a hard copy of a TICO’s Business Change Form,  please contact TICO at 1-888-451-8426 or email your request to This email address is being protected from spambots. You need JavaScript enabled to view it.

Our Registration Department is here to assist you with any questions.