A-10, r. 1 - Regulation respecting travel agents

Section 7 Disposition versions

2012-09-01

7. A licence renewal application must be accompanied by

(a)  an attestation that the information required in the first paragraph of section 6 are up-to-date;

(b)  the duties payable under section 4;

(c)  where applicable, a new surety bond in accordance with Division XI;

(d)  the financial statements of the last fiscal year, including those of the trust account and containing a balance sheet showing a minimum working capital, determined on the basis of the turnover mentioned in the financial statements of the last fiscal year; the minimum working capital is set as follows:

  
TURNOVER                                                    MINIMUM WORKING CAPITAL 

Up to $1M                                                           $5,000        

Up to $3M                                                           $7,500

Up to $5M                                                          $10,000

Up to $10M                                                         $15,000

Up to $25M                                                         $25,000

Up to $50M                                                         $50,000

Up to $75M                                                         $75,000

Up to $100M                                                       $100,000

Over $100M                                                        $150,000  
  

R.R.Q., 1981, c. A-10, r. 1, s. 7; O.C. 994-86, s. 7; O.C. 546-92, s. 3; O.C. 473-2000, s. 3; O.C. 962-2004, s. 6; O.C. 496-2010, s. 11.