O. Reg. 224/09: TAX RATES

 

Provincial Land Tax Act, 2006
Loi de 2006 sur l’impôt foncier provincial

ONTARIO REGULATION 224/09

Tax Rates

Historical version for the period January 1, 2013 to February 25, 2014.

Disclaimer: This consolidation is not an official copy of the law because it is affected by one or more retroactive provisions which have not been incorporated into it. For information about the retroactive provisions, see O. Reg. 41/14, section 2.

Last amendment:  O. Reg. 446/12.

This Regulation is made in English only.

Tax rate

1. (1) For the purposes of subsection 4 (1) of the Act, for land in a locality, the tax rate for 2013 for the property classes set out in Column 1 of Table 1 is the rate set out opposite the property class in Column 2.  O. Reg. 224/09, s. 1 (1); O. Reg. 446/12, s. 1 (1).

(2) For the purposes of subsection 4 (1) of the Act, for land not in a locality, the tax rate for 2013 for the property classes set out in Column 1 of Table 2 is the rate set out opposite the property class in Column 2.  O. Reg. 224/09, s. 1 (2); O. Reg. 446/12, s. 1 (2).

Tax rate, railway companies and power utilities

2. (1) The tax rate imposed on land described in paragraph 1 of subsection 5 (2) of the Act is $0.09 per acre.  O. Reg. 224/09, s. 2 (1).

(2) The tax rate imposed on land described in paragraph 2 of subsection 5 (2) of the Act is $2.05 per acre.  O. Reg. 224/09, s. 2 (2).

Prescribed power utilities

3. (1) A designated electricity utility, as defined in subsection 19.0.1 (5) of the Assessment Act, is prescribed as a power utility for the purposes of paragraph 2 of subsection 5 (2) of the Provincial Land Tax Act, 2006.  O. Reg. 224/09, s. 3 (1).

(2) The following corporations are prescribed as power utilities for the purposes of paragraph 2 of subsection 5 (2) of the Act:

1. Great Lakes Power Limited.

2. Canadian Niagara Power Company Limited.

3. Cedar Rapids Transmission Company Limited.

4. Inco Limited.

5. NAV Canada.

6. Cornwall Street Railway Light & Power Company Limited.  O. Reg. 224/09, s. 3 (2).

Minimum annual tax

4. For the purposes of subsection 5 (3) of the Act, the minimum annual tax payable under the Act in respect of any land is $6.  O. Reg. 224/09, s. 4.

5. Omitted (provides for coming into force of provisions of this Regulation).  O. Reg. 224/09, s. 5.

Table 1
tax rates for land in a locality

Property Class	Rate
Residential Property Class	0.00161727
Multi-residential Property Class	0.00161727
Farm Property Class	0.00040432
Managed Forests Property Class	0.00040432
Commercial Property Class	0.00054436
Industrial Property Class	0.00039189
Pipe Line Property Class	0.00190290

O. Reg. 446/12, s. 2.

Table 2
tax rates for land not in a locality

Property Class	Rate
Residential Property Class	0.00025393
Multi-residential Property Class	0.00025393
Farm Property Class	0.00006348
Managed Forests Property Class	0.00006348
Commercial Property Class	0.00054436
Industrial Property Class	0.00039189
Pipe Line Property Class	0.00190290

O. Reg. 446/12, s. 2.