We'll be Navigating a new landscape on January 1st, 2024 12:00 am
As the clock ticks down to the start of the new year, businesses and individuals involved in trademark applications and renewals are bracing for a significant change. Effective January 1st, 2024, the Canadian Intellectual Property Office (CIPO) is implementing an increase in government filing fees for trademarks. This adjustment in fees will impact both the application process and the renewal of trademark registrations. In this blog post, we'll explore the specifics of these fee changes and the potential implications for trademark holders.
Trademark Application Fees:
For those seeking the registration of a trademark, the filing fees are set to see a notable uptick in the coming year. The fees for the first class of goods or services will increase from $347.35 in 2023 to $458.00 in 2024 for applications submitted online through CIPO's website. Additionally, each additional class of goods or services will incur a higher cost, rising from $105.26 in 2023 to $139.00 in 2024.
This adjustment prompts trademark applicants to reassess their filing strategies, considering the potential impact on the overall cost of protecting their intellectual property.
Trademark Renewal Fees:
The fee adjustments extend beyond initial trademark applications to include the renewal process. Those looking to renew trademark registrations in 2024 will encounter increased costs compared to the previous year. The renewal fee for the first class of goods or services will rise from $421.02 in 2023 to $555.00 in 2024 for requests submitted online through CIPO's website. Similarly, the fees for each additional class of goods or services will experience an increase from $131.58 in 2023 to $173.00 in 2024.
Trademark holders facing renewal decisions in 2024 should factor in these fee changes when planning their budget.
Considerations and Planning:
In light of these impending changes, businesses and individuals involved in trademarks should carefully assess the potential impact on their intellectual property strategy. Planning and budgeting for the revised fees can help mitigate any financial surprises.
Book a consultation now with me to ensure your trademark portfolios are managed efficiently and cost-effectively in response to the fee adjustments.
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