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A-10, r. 1 - Regulation respecting travel agents
Section 29
Disposition versions
29. Amount:
(1) General licence:
(a) upon an application for a general licence, the amount of security to be paid is, subject to paragraph 4, $25,000;
(b) the amount of security to be paid upon an application for the renewal of a general licence is based on the turnover appearing in the financial statements required under section 7; that amount is set as follows:
GENERAL LICENCE
AMOUNT OF INDIVIDUAL SECURITY
Turnover First Second Third Fourth
anniversary anniversary anniversary anniversary
and following
Up to$1M $25,000 $25,000 $25,000 $25,000
Up to $2M $40,000 $35,000 $30,000 $25,000
Up to $3M $55,000 $45,000 $40,000 $30,000
Up to $4M $70,000 $60,000 $50,000 $40,000
Up to $5M $90,000 $75,000 $60,000 $50,000
Up to $6M $105,000 $90,000 $70,000 $60,000
Up to $7M $115,000 $100,000 $80,000 $70,000
Up to $8M $125,000 $115,000 $90,000 $80,000
Up to $9M $135,000 $125,000 $100,000 $90,000
Up to $10M $150,000 $140,000 $110,000 $100,000
Up to $11M $160,000 $150,000 $120,000 $110,000
Up to $12M $170,000 $160,000 $130,000 $120,000
Up to $13M $180,000 $170,000 $140,000 $130,000
Up to $14M $190,000 $180,000 $150,000 $140,000
Up to $15M $200,000 $190,000 $160,000 $150,000
Up to $16M $225,000 $200,000 $180,000 $160,000
Up to $17M $225,000 $215,000 $200,000 $170,000
Up to $18M $225,000 $225,000 $215,000 $180,000
Up to $19M $225,000 $225,000 $225,000 $200,000
Up to $20M $225,000 $225,000 $225,000 $215,000
Over $20M $225,000 $225,000 $225,000 $225,000
GENERAL LICENCE
AMOUNT OF INDIVIDUAL SECURITY
Turnover First Second Third Fourth
anniversary anniversary anniversary anniversary
and following
Up to$1M $25,000 $25,000 $25,000 $25,000
Up to $2M $40,000 $35,000 $30,000 $25,000
Up to $3M $55,000 $45,000 $40,000 $30,000
Up to $4M $70,000 $60,000 $50,000 $40,000
Up to $5M $90,000 $75,000 $60,000 $50,000
Up to $6M $105,000 $90,000 $70,000 $60,000
Up to $7M $115,000 $100,000 $80,000 $70,000
Up to $8M $125,000 $115,000 $90,000 $80,000
Up to $9M $135,000 $125,000 $100,000 $90,000
Up to $10M $150,000 $140,000 $110,000 $100,000
Up to $11M $160,000 $150,000 $120,000 $110,000
Up to $12M $170,000 $160,000 $130,000 $120,000
Up to $13M $180,000 $170,000 $140,000 $130,000
Up to $14M $190,000 $180,000 $150,000 $140,000
Up to $15M $200,000 $190,000 $160,000 $150,000
Up to $16M $225,000 $200,000 $180,000 $160,000
Up to $17M $225,000 $215,000 $200,000 $170,000
Up to $18M $225,000 $225,000 $215,000 $180,000
Up to $19M $225,000 $225,000 $225,000 $200,000
Up to $20M $225,000 $225,000 $225,000 $215,000
Over $20M $225,000 $225,000 $225,000 $225,000
(1.01) Restricted licence:
(a) upon an application for the issue of a restricted licence, the amount of security to be paid is, subject to paragraph 4, $15,000 if the person for whom the licence is applied for is not yet in business;
(b) the amount of security to be paid upon an application for the issue of a restricted licence where the person for whom the licence is applied for is already in business or upon an application for the renewal of a restricted licence is based on the turnover appearing in the certificate required in section 8.1; the amount is set as follows:
RESTRICTED LICENCE
Turnover Amount of individual security
Up to $1M $15,000
Up to $2M $20,000
Up to $5M $25,000
Up to $10M $35,000
Up to $15M $40,000
Over $15M $50,000
RESTRICTED LICENCE
Turnover Amount of individual security
Up to $1M $15,000
Up to $2M $20,000
Up to $5M $25,000
Up to $10M $35,000
Up to $15M $40,000
Over $15M $50,000
(1.1) Where a travel agent provides services to persons domiciled outside Québec through a travel enterprise outside Québec, the amount of the security is the greater of $20,000 and the amount under subparagraph b of paragraph 1 after the amount of the sums collected from those persons is subtracted from the turnover.
(2) (Paragraph revoked).
(3) (Paragraph revoked).
(4) Where a travel agent submits an initial application for a licence to continue to operate but as a new legal entity, the amount of the security referred to in subparagraph a of paragraph 1 must equal the security that the former travel agent would have had to provide had he applied to have his licence renewed.
