O. Reg. 63/19: TAX MATTERS - TAX RATES FOR SCHOOL PURPOSES
filed April 9, 2019 under Education Act, R.S.O. 1990, c. E.2
Skip to contentontario regulation 63/19
made under the
Education Act
Made: April 8, 2019
Filed: April 9, 2019
Published on e-Laws: April 9, 2019
Printed in The Ontario Gazette: April 27, 2019
Amending O. Reg. 400/98
(TAX MATTERS - TAX RATES FOR SCHOOL PURPOSES)
1. Ontario Regulation 400/98 is amended by adding the following section:
Vacant and Excess Land Subclasses Tax Reductions — Subsection 257.7 (4) of the Act
11. (1) Subject to subsection (4), for 2019, subsection 257.7 (3) of the Act does not apply to the tax rates for school purposes for a subclass described in paragraphs 2, 3, 4 and 5 of subsection 313 (1) of the Municipal Act, 2001 or in paragraphs 2, 3, 4 and 5 of subsection 278 (1) of the City of Toronto Act, 2006 and instead the tax rates for school purposes in respect of those subclasses shall be reduced by 50 per cent of the amount by which the tax rates for municipal purposes are reduced under section 313 of the Municipal Act, 2001 and section 278 of the City of Toronto Act, 2006.
(2) Subject to subsection (4), for 2020, subsection 257.7 (3) of the Act does not apply to the tax rates for school purposes for a subclass described in paragraphs 2, 3, 4 and 5 of subsection 313 (1) of the Municipal Act, 2001 or in paragraphs 2, 3, 4 and 5 of subsection 278 (1) of the City of Toronto Act, 2006.
(3) For 2021 and subsequent taxation years, subsection 257.7 (3) of the Act does not apply to the tax rates for school purposes for a subclass described in paragraphs 2, 3, 4 and 5 of subsection 313 (1) of the Municipal Act, 2001 or in paragraphs 2, 3, 4 and 5 of subsection 278 (1) of the City of Toronto Act, 2006.
(4) Subsections (1) and (2) do not apply to a property in a municipality referred to in clause 2 (1) (b) of Ontario Regulation 580/17 (Tax Matters - Vacant and Excess Land Subclasses, Tax Reductions) made under the Municipal Act, 2001.
Commencement
2. This Regulation comes into force on the day it is filed.
Made by:
Pris par :
Le ministre des Finances,
Victor Fedeli
Minister of Finance
Date made: April 8, 2019
Pris le : 8 avril 2019