O. Reg. 591/17: NON-CASH EXPENSESSkip to content
Financial Administration Act
Consolidation Period: From April 20, 2018 to the e-Laws currency date.
This is the English version of a bilingual regulation.
1. In this Regulation,
“business day” means Monday to Friday, excluding holidays.
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).