O. Reg. 591/17: NON-CASH EXPENSES
under Financial Administration Act, R.S.O. 1990, c. F.12
Skip to content| revoked or spent December 9, 2021 | |
| April 20, 2018 – December 8, 2021 | |
| December 28, 2017 – April 19, 2018 |
Financial Administration Act
NON-CASH EXPENSES
Note: This Regulation was revoked on December 9, 2021. (See: 2021, c. 40, Sched. 11, s. 7.)
Last amendment: 294/18.
Legislative History: 294/18.
This is the English version of a bilingual regulation.
Definition
1. In this Regulation,
“business day” means Monday to Friday, excluding holidays.
Non-cash expenses
2. For the purpose of the definition of “non-cash expense” in subsection 1 (1) of the Act, each of the following expenses is prescribed as a non-cash expense:
disposition of certain electricity-related assets below market
1. An imputed subsidy arising when a disposition of a security, debt obligation or any other interest is made under Part IV of the Electricity Act, 1998 at a price less than the closing price at which it publicly trades on the business day before the disposition. This paragraph does not apply to a disposition made through a public offering.
disposition of leasehold below market
2. An imputed subsidy arising upon the disposition of a leasehold interest in real property for less than market value. This paragraph does not apply to a disposition made under one of the following Acts:
i. The Provincial Parks and Conservation Reserves Act, 2006.
ii. The Public Lands Act. O. Reg. 591/17, s. 2; O. Reg. 294/18, s. 1.
3. Omitted (provides for coming into force of provisions of this Regulation).