O. Reg. 74/25: TAX MATTERS - SPECIAL TAX RATES AND LIMITS, MUNICIPAL ACT, 2001
ontario regulation 74/25
made under the
Municipal Act, 2001
Made: May 22, 2025
Filed: May 26, 2025
Published on e-Laws: May 26, 2025
Published in The Ontario Gazette: June 14, 2025
Amending O. Reg. 73/03
(TAX MATTERS — SPECIAL TAX RATES AND LIMITS)
1. Ontario Regulation 73/03 is amended by adding the following section:
Affordable rental housing subclass
8.0.0.0.4 (1) For the purposes of clause 313.1 (1) (b) of the Act, the prescribed range for the affordable rental housing subclasses is between 0 and 35 per cent, inclusive.
(2) Despite subsection (1), if a single-tier or upper-tier municipality has passed a by-law opting to have the new multi-residential property (municipal reduction) subclass apply in the municipality, the bottom of the prescribed range for the affordable rental housing subclass of the new multi-residential property class shall be the percentage reduction for the new multi-residential property (municipal reduction) subclass, inclusive of that percentage.
Commencement
2. This Regulation comes into force on the day it is filed.
Le ministre des Finances,
Peter Bethlenfalvy
Minister of Finance
Date made: May 22, 2025
Pris le : 22 mai 2025
