O. Reg. 146/15: TAX RATES
filed June 17, 2015 under Provincial Land Tax Act, 2006, S.O. 2006, c. 33, Sched. Z.2
Skip to contentontario regulation 146/15
made under the
Provincial Land Tax Act, 2006
Made: June 16, 2015
Filed: June 17, 2015
Published on e-Laws: June 17, 2015
Printed in The Ontario Gazette: July 4, 2015
Amending O. Reg. 224/09
(TAX RATES)
1. (1) Subsection 1 (1) of Ontario Regulation 224/09 is amended by striking out “2014” and substituting “2015”.
(2) Subsection 1 (2) of the Regulation is amended by striking out “2014” and substituting “2015”.
2. (1) Subsection 2 (1) of the Regulation is amended by striking out “$0.09” and substituting “$0.12”.
(2) Subsection 2 (2) of the Regulation is amended by striking out “$2.05” and substituting “$2.65”.
3. Tables 1 and 2 of the Regulation are revoked and the following substituted:
Table 1
tax rates for land in a locality
|
Property Class |
Rate |
|
Residential Property Class |
0.001717 |
|
Multi-residential Property Class |
0.001717 |
|
Farm Property Class |
0.000429 |
|
Managed Forests Property Class |
0.000429 |
|
Commercial Property Class |
0.000694 |
|
Industrial Property Class |
0.000542 |
|
Pipe Line Property Class |
0.002453 |
Table 2
tax rates for land not in a locality
|
Property Class |
Rate |
|
Residential Property Class |
0.000354 |
|
Multi-residential Property Class |
0.000354 |
|
Farm Property Class |
0.000088 |
|
Managed Forests Property Class |
0.000088 |
|
Commercial Property Class |
0.000694 |
|
Industrial Property Class |
0.000542 |
|
Pipe Line Property Class |
0.002453 |
Commencement
4. This Regulation comes into force on the day it is filed.
Charles Sousa
Minister of Finance
Date made: June 16, 2015.