Private Career Colleges Act, 2005€¦ · Career College – Flight Training Page 3 of 28 Canada...

MINISTRY OF TRAINING, COLLEGES AND UNIVERSITIES PRIVATE INSTITUTIONS BRANCH

Guidelines

For the Application for Registration to Operate a

Private Career College

Flight Training

January 18, 2008

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MINISTRY OF TRAINING, COLLEGES AND UNIVERSITIES

January 18, 2008 Guidelines for the Application for Registration to Operate a Private Career College – Flight Training

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About this Guideline The Guidelines for the Application for Registration to Operate a Private Career College – Flight Training are intended to help you complete the Application for Registration. The order of the sections below follows the content of the application form. Notice to Applicants Submit the Application for Registration to Operate a Private Career College – Flight Training along with the Applicant Profile Form(s) and the Application for Program Approval – Flight Training. Please note that information from this application will be recorded into a ministry database for statistical purposes and future reference, including registration decisions. Information from this application (e.g., location, program names, Campus Administrator) will be provided to the general public upon request. Some information will also be placed on the ministry’s public website along with information provided by all registered private career colleges. It is an offence to knowingly provide false information in the Application for Registration to Operate a Private Career College – Flight Training and in any material related to the registration of your private career college. The penalties are outlined in Section 48(2) of the Private Career Colleges Act, 2005. New for Flight Training Due to Transport Canada regulation of the sector under the Aeronautics Act, a number of the standard requirements for registration have been modified for flight training. Please see the table below for a comparison of the full requirements for registration with those for flight training.



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Standard Application for

Registration Flight Training Application for

Registration Business Information Required. Information on Applicants Required. Program Information Required. Information on Private Career College Location

Required.

Campus Administration Information Required. Student Contracts Required. Student Complaint Procedure/Expulsion Policy

Required.

Transcript Requirements Not Required. Transport Canada is the record keeper for flight training. FTU Operator Certificate accepted as evidence that transcript requirements are met.

Advertising Requirements Required. Financial Information Required. Facility Inspection Not required. FTU Operator

Certificate accepted as evidence that the facility and equipment meet the required standards. No charge of $339.20.

Planning to stop offering vocational flight training programs? Should you decide not to be registered and have your vocational programs approved under the Private Career Colleges Act, 2005, you may complete the training of students who were enrolled before September 18, 2007. You must provide the ministry with the names of these students by September 18, 2007. You may not advertise the vocational programs or enrol any new students in vocational programs as of September 18, 2007. Once you have finished the training for students who were enrolled before September 18, 2007, you must request that Transport



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Canada remove these certifications from your Flight Training Unit Operator Certificate. If you do not have any students enrolled in vocational programs as of September 18, 2007, you must immediately request that Transport Canada remove the certifications from your OC. This will help to avoid confusion for students when they are deciding which flight school to attend. Useful Links A series of supplementary documents and required forms are available through ServiceOntario at <www.serviceontario.ca> Private Career College Act, 2005 and regulations are posted on the Ontario government E-Laws website at <www.e-laws.gov.on.ca> Fact sheets, guidelines and policy directives are available from the Ministry of Training, Colleges and Universities – Private Institutions Branch website at <www.edu.gov.on.ca/eng/general/private.html> The Private Career Colleges Act, 2005 Training Manual is also available on the ministry website at <www.edu.gov.on.ca/eng/general/private.html>. Note: Differences between this Guideline and the Training Manual reflect modified requirements for flight training based on Transport Canada regulation of the sector. The Guidelines for Flight Training should be followed where these differences exist. Materials Required There are several documents that need to be submitted in order for the ministry to review your application for registration under the Private Career Colleges Act, 2005:



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1. “Application for Registration to Operate a Private Career College – Flight Training” and all required supporting documentation (see the checklist attached to the application)

2. “Application for Program Approval – Flight Training” (including

all Appendices, the Application Checklist and two copies of the proposed diploma/certificate in blank) for each vocational program to be offered by your private career college1

3. “An Applicant Profile and Reference Form” for each applicant

4. Certified payment of all fees owing to the Minister of Finance.

Incomplete Applications Not Accepted The ministry will only review complete applications. Incomplete applications will be returned. Section I: Business Information Please complete Section 1 of this application form using the information found on your Ministry of Government Services (MGS) registration documentation. More information on registering your business can be found at: www.gov.on.ca/MGS/en/Home/STEL01_039054.html 1 Due to Transport Canada regulation, the requirements for program approval have been modified for flight training – see Guidelines for the Application for Program Approval – Flight Training for information on the applicable requirements.



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Business Classification A private career college may be operated by a corporation, a sole-proprietorship or a partnership. Regardless of your business classification, you must register your business with MGS prior to seeking registration as a private career college. Please note that if you intend to use the term “college” or “institute” in the title of your institution, you must first receive permission from the Minister of Training, Colleges and Universities to do so. If you have not already done so, you must complete the Business Name Form that is available at: http://www.serviceontario.ca and submit it to the ministry for approval. Corporations Pursuant to section 3(1) 13 of O. Reg. 415/06, for the purposes of registering your private career college, you will need to submit an up-to-date certified Corporation Profile Report. The Corporation Profile Report contains information on an Ontario corporation or an extra-provincial corporation licensed to carry on business in Ontario. Your organization’s legal name, corporation number and share information will be available on the Corporation Profile Report. Please refer to this document when completing your application form. It should also be noted that if you will be using a business name (sometimes referred to as operating name) that is different than your legal (or corporation) name, you must submit evidence that the business name has been registered. Please refer to the Sole-Proprietorship and Partnership section below for more information on what type of evidence you will need to provide to demonstrate that your business name has been registered.



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Sole Proprietorships and Partnerships If your private career college is a sole proprietorship or a partnership, a certified Business Names Report or current Master Business Licence (MBL) should be attached to the Application for Registration. The Business Names Report or MBL will identify the legal name, business identification number and the business name of the private career college. Please note that corporations using a business name that is different than the legal name of the corporation will also be required to submit an MBL or a certified Business Names Report as evidence that the business name has been registered with MGS. Partnership and Franchise Agreements: If you intend to operate your private career college as a partnership or franchise, you must submit a copy of the partnership or franchise agreement. This will ensure the Superintendent has a clear understanding of the responsibilities of each applicant or franchisee with respect to the operation of the private career college. Supporting Documentation Copies of your certified Corporation Profile Report, your certified Business Names Report and/or your Master Business Licence must be attached to this application. These documents can be obtained from the Companies and Personal Properties Securities Branch of the Ministry of Government Services or one of their contracted private-sector service providers. More information is available online at www.gov.on.ca/MGS and www.serviceontario.ca.



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College Information: College Address Please indicate the full address of your proposed college. This will be the street address where your college will be located, including any applicable unit numbers. Website Address Please indicate your website address in this space, if applicable. This information will be posted on the Service Ontario website. Students will be able to link to your institution’s website from the Service Ontario website. Fax Number Please indicate your institution’s fax number, if applicable. Email Address A valid email address is mandatory. Please note that the email address you provide in this section should be up-to-date and checked regularly as important information from the ministry is often sent out via email. When choosing an email address, it is advisable that the name of your private career appears in some form in the address.



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Section II: Information on Applicants In order to have your application for registration considered, you must provide information on each of the applicants. On the Application, please list the names of each applicant (i.e., the name of the sole proprietor, the names of all partners in a partnership and the names of each officer or director of a corporation). The names listed here must correspond with the names listed on your MGS registration documentation. Please note that you must also submit an Applicant Profile and Reference Form for each applicant listed in this section of the application. Section III: Program Information Section 3(1)1 of O. Reg. 415/06 requires an applicant to submit a list of all vocational programs and other programs that the private career college intends to offer. This will help ensure that the institution does not, in error, offer vocational programs that have not been approved in accordance with the requirements set out in the Guidelines for the Application for Program Approval – Flight Training. Applicants must indicate clearly on the form which programs (if any) have been “pre-screened” by the Private Institutions Branch and must also indicate which programs the applicant will be submitting for approval in accordance with the requirements.



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Vocational Programs For each vocational program to be offered at your college, please complete an Application for Program Approval and submit it with this application. Non-Vocational Programs or Programs that may not require Approval You must list the names of all other programs, whether vocational or not, that will be offered at this campus and provide a reason as to why you believe the program is not subject to the Act (for example, private permit and licence programs are not vocational, and all ratings except the instructor ratings are considered professional development).

Vocational Flight Training Programs

The following flight training programs are considered vocational under the Private Career Colleges Act, 2005: • Commercial Pilot – Aeroplane and Helicopter • Flight Engineer • Flight Instructor – All Ratings • New integrated courses (CPL - Aeroplane (CPL(A)),

CPL – Aeroplane/Instrument Rating (CPL(A)/IR), Airline Transport Pilot - ATP(A) Integrated Course



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Section IV: Information on Private Career College Location This section of the application form is designed to collect information on the physical location of your private career college. If you are renting or leasing the premises, you must indicate the name and contact information of the lessor or landlord. In the event of a closure, the Superintendent of Private Career Colleges may need to contact the owner of the building. Description of the Available Space Applicants must describe the physical premises that they will be using for the new college. Applicants must also provide a floor plan of the PCC and send it to the ministry along with any other required supporting documentation, such as a fire inspection or health inspection. If your private career college will have classrooms on different floors of a building, you must provide a floor plan for each floor. Fire Inspection All premises where students will be attending classes must undergo a fire inspection conducted by the appropriate fire inspection authority. You are responsible for making all arrangements for an inspection by the appropriate fire inspection authority. Evidence of fire inspection can be in the form of a certificate, letter or report from the fire inspection authority and should be attached to the application form.



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Health Inspection If your private career college will have a cafeteria facility on the premises, the application must include evidence that the premises have been inspected by the local public health unit. Pursuant to the Health Protection and Promotion Act, all food premises and food service premises are required to have a public health inspection at least annually. You are responsible for making all appropriate arrangements with your local public health unit. Please note that some programs, such as any programs involving the preparation and consumption of food or programs that require contact with human blood or bodily fluids may have specialized health inspection requirements as part of the program approval process. Insurance The insurance required under section 5(2) of O. Reg. 415/06 is a condition of registration for all private career colleges. In addition to the aircraft liability insurance required by Transport Canada, you are required to purchase a commercial general liability insurance that is sufficient to:

• compensate the PCC for any damages to its buildings or equipment; and

• protect the PCC and its officers, employees, agents and any

volunteers in the case of any claims made with respect to accidents that occur or personal injuriries that are suffered by students while attending the PCC, including accidents that occur at off-campus work placement sites.

You must include a copy of a letter from your insurer confirming that you have purchased commercial general liability insurance to cover



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your private career college. The insurer must verify that the terms of the insurance comply with the requirements listed above. The amount of insurance coverage required will vary depending on your private career college. Your insurance company will be in the best position to advise you on the level of coverage required to meet the requirements above. Section V: Campus Administrator Information Each private career college is required to identify a Campus Administrator. The Campus Administrator is responsible for the general management and day-to-day operations of the college and for ensuring all aspects of the Private Career Colleges Act, 2005 and the regulations made under the Act are observed. The Campus Administrator is to be available during regular business hours to students, the general public and ministry staff. The Campus Administrator has the authority to accept or cancel student contracts for the private career college and to provide refunds. It is mandatory that Campus Administrator information filed with the Superintendent of Private Career Colleges is current at all times.

Please Note: Section 48(1) of O. Reg. 415/06 requires a private career college to notify the Superintendent of a change in the campus administrator within five days of the change occurring. Once your private career college has been registered, you can update the campus administrator information using your login ID and password on RICC.



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If your private career college has a head office, you must also indicate the name, phone number and email address of the person at the head office who can be contacted by the ministry in the event of an emergency or when the campus administrator is not available. Section VI – Student Contracts You are required to attach a sample of the contract that you will use to enrol students in a vocational program. The ministry has provided a sample contract for a vocational program, available on the ministry website. The sample contract can be used as a guide for new institutions; however you are advised to modify the sample contract as advised by your lawyer.

Please Note: Contracts used to enrol students in a vocational program must include the terms specified in the regulation. These terms are mandatory and excluding them from student contracts will mean that a PCC is in non-compliance and may be subject to penalties. Contracts that do not contain all of the required terms can also be voided at the student’s discretion. The PCC would then be required to provide a full refund of fees paid by the student. Flight Training Units that are members of the Air Transport Association of Canada have developed a student contract that complies with the requirements of the regulation. This contract is available to all members of the association. If you require clarification on any additional terms you are considering, please contact the Private Institutions Branch.



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Content requirements for contracts for vocational programs The written contract must contain all of the following terms, as prescribed in section 20(1) of O. Reg. 415/06:

• the approved program name; • the address, telephone number and, if applicable, e-mail

address of the student; • the start and expected end date of the program; • the language of instruction; • admission requirements – there are no mandatory admission

requirements for flight training programs. If your program has admission requirements that students must meet before they begin the program, please specify those requirements in the student contract;

• a schedule of hours of instruction; • the location of any practicum (e.g., off-site placement); • the fees in Canadian dollars and a schedule indicating the

time and amount of each payment; • a place for the student to acknowledge they have received a

copy of: o the Statement of Students’ Rights and Responsibilities

issued by the Superintendent of Private Career Colleges,

o the college’s fee refund policy, and o for contracts entered after January 1, 2007,

the college’s student complaint procedure, and the college’s policy relating to the expulsion of

students, • a consent section for the collection and use of the student’s

personal information; and • statements, in bold, that:



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o the contract is subject to the Private Career Colleges Act, 2005 and the regulations made under the Act, and

o the private career college does not guarantee employment for any student who successfully completes a vocational program offered by the college.

The Private Career Colleges Act, 2005 Training Manual contains several commonly asked questions about student contracts. Please refer to the ministry website to obtain a copy of the manual. Reporting fees in the student contract The objective for the student contract is for students to know, within a range, how much it will cost them to complete the program. You must include the total cost of the program in the student contract. The fees can vary within a range to be determined by each flight training unit. The range (e.g., increase of up to 50%) must be stated in the contract and any fee increases cannot exceed the range that has been specified. You should base the cost of the program on the minimum number of hours required to meet Transport Canada standards and indicate as “Optional” the cost of additional hours, should they be required by individual students in order to prepare for the licence examinations. The hourly rate for the additional hours must be specified in the student contract and, like the other fees, you may indicate that the rate may increase by the percentage range you choose. See example below of how you may characterize fees in a student contract:



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Example CPL Course*

Hours Rate ($CDN) Total ($CDN)

Ground School 80 695 695Preparatory Ground Instruction

6 60 360

Dual (Cessna 152) 27 165 4455Solo (Cessna 152) 30 105 3150

Simulator 8 60 480Insurance Surcharge 500Total 151 9640

Optional Additional Hours

Dual 165 Solo 105

*Note: listed fees may increase by as much as X% over the course of this contract. [If only certain fee categories are subject to increases, you can specify these individually.] Reporting Fee Increases to the Ministry You must keep the fees reported to the ministry and posted on the ServiceOntario website up-to-date. Accurate fees must be posted before you can charge them to students. You can do this by logging on to the Registration Information for Career Colleges (RICC) application using your username and password, which will be assigned to you once you are registered as a PCC. You can select “Program Changes” from the drop down menu and indicate that you would like to change your fees. It can take up to a week to process a fee change. You must also keep copies of all receipts issued to students for the payment of fees in each student’s file.



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Contracts for non-vocational programs If you are offering non-vocational programs (i.e., programs that are not subject to the Act) you are not required to have a contract for these programs. However, if your non-vocational programs do have a contract, it must be different from the contract required for vocational programs under the Private Career Colleges Act. You may not include references to the Private Career Colleges Act, 2005 and regulations, including reference to your PCC’s registered status under the Act, the Statement of Student Rights and Responsibilities issued by the Superintendent or the Consent to Disclose Personal Information as outlined in the regulation in a contract for a non-vocational program. If applicable, please attach a sample of the contract that will be used to enrol students in non-vocational programs. Section VII – Student Complaint Procedure and Expulsion Policy Student Complaint Procedure: Pursuant to section 3(1)10 of O. Reg. 415/06, every applicant must submit a copy of the college’s student complaint procedure. Please attach a copy of your institution’s proposed student complaint procedure to this application. Section 36 of O. Reg. 415/06 prescribes the elements that must be included in each student complaint procedure. These elements include:

• A statement that a student complaint must be made in writing



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• The name, position and contact information (address, telephone number, fax number and email address) of the college official(s) who is designated to receive and make decisions about student complaints

• The process to be followed when a complaint is received,

including that students will have an opportunity to make oral submissions and are entitled to have another person present throughout the complaint process and/or to make oral submissions on behalf of the student

• A description of how complaints, any submissions received

and decisions will be recorded

• The maximum period of time between the date the complaint is submitted by a student and the date a decision will be made by the college

• A statement that the decision, including reasons that the

decision is based on, will be delivered to students in writing

• A description of the procedure for reviewing the decision, including the name, position and contact information (address, telephone number, fax number and email address) of the college official or the third party who is responsible for making a decision about the review

• A statement that the college will maintain a record of every

student complaint at the location where it originated for a period of at least three years from the date of the decision, including a copy of the student complaint, any submissions filed and the decision

• A statement that students will be provided with a copy of the

complaint, any submissions filed and the decision made



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• A statement that if the student is not satisfied they can refer the complaint to the Superintendent

Any changes to your complaint procedure must be approved in advance by the Superintendent. Student Expulsion Policy: Pursuant to section 3(1)15 of O. Reg. 415/06, every applicant must submit a copy of the college’s expulsion policy. Please attach a copy of your institution’s proposed expulsion policy to this application. The regulations do not specify what should be included in the college’s expulsion policy. Some examples of the grounds on which a student could be expelled from a private career college include drug and alcohol abuse on campus, harassment of other students or staff or a violation of the college’s attendance policies. Section VIII: Advertising New applicants are required to submit a written copy of any advertising that will be used in the promotion of the private career college and its programs. This includes written or oral advertising distributed by any means including newspaper, radio, TV or the Internet. This also includes advertising to be used in foreign markets. All advertising by a PCC must be done in compliance of Part V of Regulation 415/06. If the advertisement is in a language other than English or French, your application must be accompanied by an official translation of the advertisement into English. Translations must be done by a person whose primary employment is translation or who has trained as a translator.



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If the advertisement also contains statements of a testimonial nature or an endorsement or statement of approval by a regulatory body, signed copies of the testimonials or endorsements or statements must be included with this application. “Advertising Guidelines” have be developed in consultation with the PCC sector and posted on the ministry website. Please refer to these guidelines for information about the requirements for advertising. Section IX: Fees Please include a certified cheque or money order, payable to the Minister of Finance, with your application. The following is a summary of fees required for the registration:

Item Fee

Quantity Total

Application Fee (non-refundable) $480 1 $480.00

Registration of college (includes one program)

$368 1 $848.00

Approval of each vocational program

$48 x ___

Your application for registration will be returned to you if you do not include the appropriate fee.



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Appendix A: Financial Information Section I: Pro Forma Financial Statements In this section, you must indicate the fiscal year end date associated with the operation of the college. This date will be used to set your private career college’s registration period. It is imperative that the information provided in this space be accurate. The Private Career Colleges Act, 2005 requires applicants to submit a Pro Forma Financial Statements prepared by a public accountant licensed under the Public Accounting Act, 2004 together with evidence acceptable to the Superintendent that there is sufficient capital available for the operating cost of the private sector college. The pro forma statements will be used to determine your annual premium for the Training Completion Assurance Fund and may be used by the Superintendent to determine the amount of financial security you will be required to deposit (see information below – you have the option of providing additional financial information for the determination of the financial security). When completing the Pro Forma Financial Statements, the following conditions must be met: 1) An operating pro forma balance sheet, with opening and end balances, noting all assets and equities (i.e., liabilities and owner’s equity) that are associated with the ownership and operation of the college must be provided. 2) A statement of revenue and expenditure for the first twelve months of operation of the college under the PCCA must be provided (i.e., starting in September, 2007). The amounts presented on the statement should be plausible and reasonable. Revenue must be reported in each of the ten fee categories of tuition fees, book fees, expendable supplies, uniforms and equipment, major



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equipment, field trips, professional/exam fees, other compulsory fees, international student fees and optional fees. 3) The Public Accountant must prepare, sign and date the “Notice to Reader”. 4) Accompanying notes to the Pro Forma Financial Statements should be presented outlining the basis of accounting policies applied, assumptions and any other information that is deemed material in the reviewing of financial statements. 5) The Public Accountant signing the “Notice to Reader” must disclose his Public Accountant’s license number issued by the Public Accountants Council for the Province of Ontario. The Notice to Reader must identify the legal and business name of the applicant. The following should be kept in mind when preparing financial statements: 1) Revenue in relation to a vocational program is not limited to

tuition. All revenues tied to a vocational program must be itemized and reported (including fees for ground school, books and reference material, aircraft rental fees if they are paid by students directly to your private career college, testing fees, insurance surcharge, etc.).

Please Note: If students rent the aircraft from a third-party or pay a third-party for fuel, you would not claim these fees as revenue.

2) Revenue that is not in relation to a vocational program or that is

paid by a third-party on a student’s behalf must be reported on a separate line. Other revenue may include such things as: – Revenue from non-vocational programs (e.g., private pilot

permit, instrument rating)



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– Revenue received from corporations paying for their employees to attend training, and

– Revenue from government and aboriginal funding. This includes revenues received from the Workplace Safety Insurance Board (WSIB) and Aboriginal Band Councils.

Revenue from each funding source must be reported as a separate line entry.

For additional information about your on-going financial reporting requirements, please consult the Instructions for Public Accountants document posted on the ministry’s website. Financial Security There are three types of security that can be posted under the Act:

• A surety bond from an approved issuer or guarantor • A letter of credit from an approved issuer or guarantor

• A personal bond accompanied by a collateral security.

Allowable collateral securities are bonds issued or guaranteed by Canada or by any province of Canada

“Authorized issuers or guarantors” are:

• Canada, Ontario or another province of Canada • An agency of the Government of Canada or a province of

Canada

• A bank or financial institution that is supervised or examined by the central bank of Canada or another governmental authority in Canada.



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Please Note: Registered Charities are exempt from posting financial security under the Private Career Colleges Act, 2005. TCAF Premiums As a condition of registration, you will be required to pay premiums into the Training Completion Assurance Fund (TCAF). The initial annual premium is .875% of the projected gross revenue from vocational programs, as reported on your pro-forma financial statements in accordance with section 14 of O. Reg. 414/06. You are not required to submit payment of your TCAF premiums along with your application. The ministry will provide you with a notice of what your initial annual premiums will be. You will have 30 days to provide payment from the time the notice is issued. Calculation of Unearned Revenue Account Balance Pro forma statements are not required to include projections about a PCC’s collection of unearned revenue. However, PCCs will be asked for this information at the time of their first renewal of registration. As a result, PCCs should begin tracking this information immediately upon commencing operation. For each month of the year, PCCs will calculate their unearned revenue account balance in accordance with the following rules: 1) Determine the portion of any fees collected in previous months

as prepaid fees that remains unearned at the beginning of the month.

2) Add the amount of any prepaid unearned fees collected during

the month to the amount determined under paragraph 1.



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3) Subtract from the sum determined under paragraph 2 the portion of the fees referred to in paragraphs 1 and 2 that is earned by the private career college during the month.

Key Considerations when Calculating Unearned Revenue Account Balance When calculating your PCC’s monthly unearned revenue account balance, the following principles should be kept in mind: • Some accounting systems record all revenue from a sale as

unearned revenue at the time of the sale, regardless of whether the fees were collected. Only prepaid (i.e. collected) unearned revenue should be recorded as part of the unearned revenue account balance.

• Unearned revenue (prepaid fees) is not limited to tuition. It

includes all revenues in relation to a vocational program collected by a PCC (i.e. fees from all ten fee categories).

• For revenue recognition purposes, all fees in relation to a

vocational program, including international student fees, fees for books and equipment, etc., should be pro-rated over the duration of the program.

• PCCs are not allowed to decrease their unearned revenue

account balance by factoring in services that they have provided to students, but for which they have not yet collected money. There are no offsets for revenue that has been earned but not collected from students.



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Section II: Additional Optional Financial Information In addition to Pro Forma Financial Statements, you may choose to submit financial statements for your previous fiscal year, accompanied by one of the following:

1. A schedule of gross tuition revenue collected from students in

vocational programs in your previous fiscal year (see information below), or

2. A 12 month schedule of unearned tuition revenue from vocational programs collected in your previous fiscal year (see information below).

The schedules described above must be signed by an authorized officer of your private career college and submitted together with a statutory declaration (also signed by the authorized officer, see information below). The Superintendent will determine the amount of financial security that you are required to deposit based on all of the financial information you provide. If you provide the schedule of unearned revenue identified above, the amount of your financial security may be based on your unearned revenue from vocational programs. If this is the case, your required financial security would be equal to your highest monthly unearned revenue or a minimum of $30,000, whichever is greater. Gross Tuition Revenue 1. Opening Accounts Receivable – Tuition Fees $ 2. Add: Tuition Revenue for the Year +$ 3. Less: Closing Accounts Receivable – Tuition Fees - $ 4. Gross Tuition Revenue =$



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Unearned Tuition Revenue Unearned tuition revenue refers to tuition received by your college for which training has not yet been provided to students. Statutory Declaration A “statutory declaration” is a written statement of facts that the person making the statement signs and swears to be true before a commissioner of oaths (e.g., lawyer, notary public). More Information More information on the operation of the Training Completion Assurance Fund will be available soon on the ministry’s website at <www.edu.gov.on.ca/eng/general/private.html>. See Training Completion Assurance Fund Fact Sheet #1 - Financial Security and Training Completion Assurance Fund Fact Sheet #2 - Training Completion Assurance Fund Premiums. Guidelines for accountants are also available.



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Need More Information?

If you have questions about the Application for Registration to Operate a Private Career College, contact the Ministry of Training, Colleges and

Universities, Private Institutions Branch at:

Private Institutions Branch Ministry of Training, Colleges and Universities

10th Floor Mowat Block 900 Bay Street

Toronto, ON M7A1L2

Telephone: (416) 314-0500 or 1-866-330-3395 Fax: (416) 314-0499

The full text of the Private Career Colleges Act, 2005 and regulations can be downloaded from the Ontario government E-Laws website at:

www.e-laws.gov.on.ca

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