ontario regulation 49/21

made under the

Municipal Act, 2001

Made: February 2, 2021
Filed: February 3, 2021
Published on e-Laws: February 3, 2021
Printed in The Ontario Gazette: February 20, 2021

Amending O. Reg. 325/01

(TAX MATTERS - VACANT UNIT REBATE)

1. (1) Subsection 2 (2) of Ontario Regulation 325/01 is amended by striking out “set out in subsection (1.1) of this section or referred to in subsection 364 (4) of the Act” in the portion before paragraph 1 and substituting “or set out in subsection (1.1) of this section”.

(2) Subsection 2 (3) of the Regulation is amended by striking out “set out in subsection (1.1) of this section or referred to in subsection 364 (4) of the Act” and substituting “or set out in subsection (1.1) of this section”.

2. (1) Subsection 2.1 (1) of the Regulation is revoked and the following substituted:

(1) This section applies for the 2021 taxation year and subsequent taxation years in respect of an eligible property located in a municipality or area other than a municipality or area referred to in section 20, 23, 28, 29, 30, 31, 32 or 45.

(2) Subsection 2.1 (2) of the Regulation is amended by striking out “set out in subsection 2 (1.1) of this Regulation or referred to in subsection 364 (4) of the Act” in the portion before paragraph 1 and substituting “or set out in subsection 2 (1.1) of this Regulation”.

(3) Paragraph 3 of subsection 2.1 (2) of the Regulation is revoked and the following substituted:

3. Multiply the percentage determined under paragraph 2 by the taxes for municipal purposes for the base property for the taxation year.

(4) Subsection 2.1 (3) of the Regulation is amended by striking out “set out in subsection 2 (1.1) of this Regulation or referred to in subsection 364 (4) of the Act” and substituting “or set out in subsection 2 (1.1) of this Regulation”.

Commencement

3. This Regulation comes into force on the day it is filed.

Made by:
Pris par :

Le ministre des Finances,

Peter Bethlenfalvy

Minister of Finance

Date made: February 2, 2021
Pris le : 2 février 2021