The Canadian Intellectual Property Office (CIPO) is proposing to deal with its chronic financial problems by increasing governmental fees in matters of I.P. come next year. The Canadian government is thus proposing to amend the regulations relating to the costs of I.P. matters in Canada. This substantial increase, if indeed adopted, would raise the fees relating to matters such as registration of patents, trademarks, copyrights, industrial designs and trademarks.
As explained in the summary prepared by the government:
CIPO is proposing to adjust most fees by 25% over the 2024 fees to address its current structural deficit situation and return the organization to a position of financial stability. CIPO is also proposing to expand the definition of small entity while maintaining the current patent fees for small entities.
As a result, to give you an idea, the proposed increase would raison the costs associated with trademark application from $330.00 to $458.00 for the first class, and from $100.00 to $139.00 for additional classes. The costs associated with recording assignments would increase from $100.00 to $125.00, etc.
Even though this is only a proposal, it is generally agreed this is likely to sail through and indeed materialize. Come 2024, it seems probable this increase will be adopted and applied.
This is one more good reason not to wait to protect your I.P. rights if you haven’t done so already.
You must be logged in to post a comment.