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 June 17, 2015 to April 20, 2016.

Last amendment: O. Reg. 146/15.

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 2015 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); O. Reg. 41/14, s. 1 (1); O. Reg. 146/15, s. 1 (1).

(2) For the purposes of subsection 4 (1) of the Act, for land not in a locality, the tax rate for 2015 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); O. Reg. 41/14, s. 1 (2); O. Reg. 146/15, 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 $0.12 per acre.  O. Reg. 224/09, s. 2 (1); O. Reg. 146/15, s. 2 (1).

(2) The tax rate imposed on land described in paragraph 2 of subsection 5 (2) of the Act is $2.65 per acre.  O. Reg. 224/09, s. 2 (2); O. Reg. 146/15, 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	0.001717
Multi-residential Property Class	0.001717
Farm Property Class	0.000429
Managed Forests Property Class	0.000429
Commercial Property Class	0.000694
Industrial Property Class	0.000542
Pipe Line Property Class	0.002453

O. Reg. 146/15, s. 3.

Table 2
tax rates for land not in a locality

Property Class	Rate
Residential Property Class	0.000354
Multi-residential Property Class	0.000354
Farm Property Class	0.000088
Managed Forests Property Class	0.000088
Commercial Property Class	0.000694
Industrial Property Class	0.000542
Pipe Line Property Class	0.002453

O. Reg. 146/15, s. 3.