O. Reg. 26/03: NON-CASH EXPENSES

Financial Administration Act
Loi sur l’administration financière

ONTARIO REGULATION 26/03

NON-CASH EXPENSES

Historical version for the period April 1, 2003 to February 25, 2010.

No amendments.

This Regulation is made in English only.

Definition

1. For the purposes of the definition of “non-cash expense” in section 1 of the Act,

“non-cash expense” means the amount recognized as an expense in a fiscal year on account of any of the following:

1. The reduction of a prepaid expense.

2. Amortization of a capital asset.

3. A loss on the disposition of a capital asset.

4. A loss on the unusual loss of a capital asset.

5. Bad debt expense.

6. Imputed interest on a loan bearing interest below the prevailing market rate. O. Reg. 26/03, s. 1.

Statutory appropriation for certain non-cash expenses

2. Non-cash expenses described in paragraphs 2, 4 and 5 of the definition of “non-cash expense” in section 1 are prescribed for the purposes of subsection 11.1 (3) of the Act. O. Reg. 26/03, s. 2.

3. Omitted (provides for coming into force of provisions of this Regulation). O. Reg. 26/03, s. 3.