What type of "change of information" must a dealer notify OMVIC about?

Dealers are required to notify OMVIC of various changes that may impact their operations and compliance with regulations. A change of officer or director is particularly significant because it can affect the governance and management structure of the dealership. OMVIC needs to maintain accurate and up-to-date records concerning the individuals who hold key positions within a dealership, as these individuals may be responsible for the overall conduct and compliance of the business.

Changes in management can also influence the direction of the dealership and its ethical standards, making it essential for OMVIC to be informed in order to ensure ongoing compliance with the governing laws and regulations.

While other changes like the dealership's location or name are also important, they are often less critical in terms of the underlying structure of compliance. Adjustments to sales tax rates, on the other hand, do not require dealer notification to OMVIC as these changes are typically handled through legislative or governmental processes rather than operational changes within the dealership.