TICO TRAVEL COUNSELLOR COMPREHENSIVE
TEST 2026 FULL ANSWERS REVIEW GRADED
A+
◉ Additional information requirement Answer: If a claim is received
incomplete, the TICO Board may ask the claimant to provide
additional information or documentation to prove his or her claim.
In such cases, the claimant has 12 months from receiving the request
to provide the details. If a claimant does not do so, TICO will
consider the claim "abandoned." Depending on the circumstances,
TICO may give a claimant additional time to provide the requested
details
◉ Affidavit requirement Answer: Claimants are required to
complete this in support of their claim.
◉ affidavit Answer: legal written document that a claimant must
swear or affirm is true, in front of a commis-sioner of oaths, a notary
public, or a lawyer.
◉ A travel agent shall, twice a year, make payments in the amount
that is the greater of the following: Answer: $25 plus the applicable
taxes.
,◉ A travel wholesaler shall, twice a year, make payments in the
amount that is the greater of the following: Answer: $25 plus the
applicable taxes.
◉ A travel agent shall, twice a year, make payments in the amount
that is the greater of the following, and The amount of, Answer:
$0.15 plus the applicable taxes for every $1,000 or part of $1,000 of
sales in Ontario made on or after May 1, 2013.
◉ A travel wholesaler shall, twice a year, make payments in the
amount that is the greater of the following, and The amount of,
Answer: $0.15 plus the applicable taxes for every $1,000 or part of
$1,000 of sales in Ontario made on or after May 1, 2013.
◉ Contributions required under this Payment Schedule shall be
made to TICO: Answer: within 90 days after the end of the first half
of the registrant's fiscal year; and within 90 days after the end of the
second half of the registrant's fiscal year.
◉ Payments shall be accompanied by a: Answer: completed return
in a form approved by the Registrar indicating the registrant's sales
in Ontario for the preceding fiscal half-year and the amount of
payments owing to the administrative authority.
, ◉ he return shall be certified, as to the accuracy of the information
contained in it, by the: Answer: registrant or an authorized officer or
partner of the registrant.
◉ Effective May 1, 2013, this Schedule replaces all previous
Compensation Fund Contribution Rate Payment Schedules. Any
required registrant payments that were owed under a previous
Payment Schedule and which have not been paid prior to the
effective date of this Payment Schedule: Answer: continue to remain
due and owing to TICO.
◉ Section 57 of the Regulation Answer: Consumers who have
booked and paid for travel services through a registered travel agent
may make a claim against the Fund.
◉ A consumer whose booking was not made through a registered
travel agent is not: Answer: eligible to make a claim.
◉ Claims can only be made against the Fund for the non-provision of
travel services for two reasons: Answer: the bankruptcy or
insolvency of a registrant; or the failure of an airline or cruise line
end supplier.
◉ Before allowing a claim, TICO may ask claimants to provide
Answer: proof that they have not been reimbursed by other parties.
TEST 2026 FULL ANSWERS REVIEW GRADED
A+
◉ Additional information requirement Answer: If a claim is received
incomplete, the TICO Board may ask the claimant to provide
additional information or documentation to prove his or her claim.
In such cases, the claimant has 12 months from receiving the request
to provide the details. If a claimant does not do so, TICO will
consider the claim "abandoned." Depending on the circumstances,
TICO may give a claimant additional time to provide the requested
details
◉ Affidavit requirement Answer: Claimants are required to
complete this in support of their claim.
◉ affidavit Answer: legal written document that a claimant must
swear or affirm is true, in front of a commis-sioner of oaths, a notary
public, or a lawyer.
◉ A travel agent shall, twice a year, make payments in the amount
that is the greater of the following: Answer: $25 plus the applicable
taxes.
,◉ A travel wholesaler shall, twice a year, make payments in the
amount that is the greater of the following: Answer: $25 plus the
applicable taxes.
◉ A travel agent shall, twice a year, make payments in the amount
that is the greater of the following, and The amount of, Answer:
$0.15 plus the applicable taxes for every $1,000 or part of $1,000 of
sales in Ontario made on or after May 1, 2013.
◉ A travel wholesaler shall, twice a year, make payments in the
amount that is the greater of the following, and The amount of,
Answer: $0.15 plus the applicable taxes for every $1,000 or part of
$1,000 of sales in Ontario made on or after May 1, 2013.
◉ Contributions required under this Payment Schedule shall be
made to TICO: Answer: within 90 days after the end of the first half
of the registrant's fiscal year; and within 90 days after the end of the
second half of the registrant's fiscal year.
◉ Payments shall be accompanied by a: Answer: completed return
in a form approved by the Registrar indicating the registrant's sales
in Ontario for the preceding fiscal half-year and the amount of
payments owing to the administrative authority.
, ◉ he return shall be certified, as to the accuracy of the information
contained in it, by the: Answer: registrant or an authorized officer or
partner of the registrant.
◉ Effective May 1, 2013, this Schedule replaces all previous
Compensation Fund Contribution Rate Payment Schedules. Any
required registrant payments that were owed under a previous
Payment Schedule and which have not been paid prior to the
effective date of this Payment Schedule: Answer: continue to remain
due and owing to TICO.
◉ Section 57 of the Regulation Answer: Consumers who have
booked and paid for travel services through a registered travel agent
may make a claim against the Fund.
◉ A consumer whose booking was not made through a registered
travel agent is not: Answer: eligible to make a claim.
◉ Claims can only be made against the Fund for the non-provision of
travel services for two reasons: Answer: the bankruptcy or
insolvency of a registrant; or the failure of an airline or cruise line
end supplier.
◉ Before allowing a claim, TICO may ask claimants to provide
Answer: proof that they have not been reimbursed by other parties.
