Tico form 1 2026

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The document outlines the requirements for travel agents and wholesalers in Ontario to submit a half-year statement (Form 1) to the Travel Industry Council of Ontario (TICO). It details the calculation of gross sales, payment due, and applicable taxes, emphasizing that payments must be made within 90 days after the end of the fiscal period. The document also provides definitions, examples of payment calculations, and instructions for submitting the form.

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Click ‘Get Form’ to open tico form 1 in the editor.
Begin by entering the registration number and business name at the top of the form. Ensure that your details are accurate to avoid any processing delays.
In the 'GROSS SALES' section, calculate your total sales for the six-month period. Remember, this amount should be rounded up to the nearest $1,000 before applying the fee rate.
Next, input the payment due to TICO in item 2. The minimum payment is $25, so ensure your calculation reflects this requirement.
Calculate the P.S.T. on your payment (item 2) at a rate of 8% and enter it in item 3.
Finally, sum items 2 and 3 to determine your total payment due to TICO and enter this amount in item 4.
Complete the certification section by signing and providing your name, title, and date before submitting your form.

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