Canadian legal professionals, especially those focusing on intellectual property rights, should be aware of forthcoming changes to trademark fees expected to come into effect in 2024. As per the notice issued by the Canadian government, these fees are set to increase by 20 to 35%.
In specific terms, the government fee for filing a Canadian trademark application will see an increase from $350 to $460 for the first classification. For each extra classification, the fee will rise from the current $105 to $140. This increase will also impact those wishing to renew their trademarks. The renewal fee, currently set at $420 for the first class and $130 for each additional class, will increase to $555 and $175 respectively.
Brand owners operating in Canada would do well to prepare for this upcoming change, given the significant increase in costs. Strategizing now could minimize the impact of these changes, saving firms and individuals time and money in the long run.
This increase in fees is purportedly part of a wider governmental policy to maintain the integrity and functionality of the Canadian trademark system. However, it is vital that businesses, corporations and intellectual property lawyers stay informed and adapt their strategies to stay ahead of these changes.