O. Reg. 14/22: TAX MATTERS - SPECIAL TAX RATES AND LIMITS
filed January 18, 2022 under Municipal Act, 2001, S.O. 2001, c. 25
Skip to contentontario regulation 14/22
made under the
Municipal Act, 2001
Made: January 7, 2022
Filed: January 18, 2022
Published on e-Laws: January 18, 2022
Printed in The Ontario Gazette: February 5, 2022
Amending O. Reg. 73/03
(TAX MATTERS - SPECIAL TAX RATES AND LIMITS)
1. The definition of “qualifying taxation year” in subsection 1 (1) of Ontario Regulation 73/03 is amended by striking out “2021” and substituting “2022”.
2. Subsection 9 (3) of the Regulation is revoked and the following substituted:
(3) In this Part,
“specified subclass” means any subclass of real property prescribed under paragraph 2 or 3 of subsection 8 (1) of the Assessment Act or under subsection 8 (1.1) of that Act.
3. (1) Section 10.1 of the Regulation is amended by striking out “the excess land subclass or the vacant land subclass” in the portion before paragraph 1 and substituting “a specified subclass”.
(2) Paragraph 1 of section 10.1 of the Regulation is revoked and the following substituted:
1. Determine the percentage of the property that each of the following portions of the property represents:
i. The portion in a specified subclass, except that if there are portions in more than one type of specified subclass, a separate percentage shall be determined for each of the types of specified subclass.
ii. The portion that is not in a specified subclass.
4. Subsection 11 (4) of the Regulation is amended by,
(a) striking out “the excess land subclass or the vacant land subclass” and substituting “a specified subclass”; and
(b) adding “or 313.1” after “313”.
5. (1) Paragraph 7 of subsection 12 (1) of the Regulation is amended by striking out “the excess land subclass or the vacant land subclass and a reduction applied to the tax rates applicable to the property in the previous year under section 313 of the Act or section 257.7 of the Education Act” at the end of the portion before subparagraph i and substituting “a specified subclass”.
(2) Subparagraph 7 i of subsection 12 (1) of the Regulation is amended by adding “or 313.1” after “313”.
(3) Subsection 12 (5) of the Regulation is amended by adding “or 313.1” after “313”.
Commencement
6. This Regulation comes into force on the later of January 1, 2022 and the day it is filed.
Made by:
Pris par :
Le ministre des Finances,
Peter Bethlenfalvy
Minister of Finance
Date made: January 7, 2022
Pris le : 7 janvier 2022