O. Reg. 362/18: TAX MATTERS - TAX RATES FOR SCHOOL PURPOSES
filed May 3, 2018 under Education Act, R.S.O. 1990, c. E.2
Skip to contentontario regulation 362/18
made under the
Education Act
Made: May 3, 2018
Filed: May 3, 2018
Published on e-Laws: May 3, 2018
Printed in The Ontario Gazette: May 19, 2018
Amending O. Reg. 400/98
(TAX MATTERS - TAX RATES FOR SCHOOL PURPOSES)
1. Ontario Regulation 400/98 is amended by adding the following section:
Small-Scale On-Farm Subclasses Tax Reductions — Subsection 257.7 (4) of the Act
10. (1) For 2018, subsection 257.7 (3) of the Act does not apply to the tax rate for the small-scale on-farm business subclass for the industrial property class and the small-scale on-farm business subclass for the commercial property class and instead the tax rate shall be the lesser of the tax rate for the corresponding class in the municipality, as set out in Table 1, and 0.00272500.
(2) Subsection (1) applies to the tax rate for the small-scale on-farm business subclass for the industrial property class and the small-scale on-farm business subclass for the commercial property class regardless of whether a municipality has opted to have the subclass apply within the municipality.
Commencement
2. This Regulation comes into force on the day it is filed.
Made by:
Pris par :
Le ministre des Finances,
Charles Sousa
Minister of Finance
Date made: May 3, 2018
Pris le : 3 mai 2018