O. Reg. 394/98: TAX MATTERS - DEFINITION OF BUSINESS PROPERTY AND RESIDENTIAL PROPERTY
under Education Act, R.S.O. 1990, c. E.2
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| July 2, 1998 – July 22, 2012 |
Education Act
ontario REGULATION 394/98
TAX MATTERS — DEFINITION OF BUSINESS PROPERTY AND RESIDENTIAL PROPERTY
Historical version for the period July 23, 2012 to May 10, 2017.
Last amendment: O. Reg. 222/12.
This is the English version of a bilingual regulation.
1. The following classes of real property prescribed under the Assessment Act are prescribed for the purposes of clause (b) of the definition of “business property” in section 257.5 of the Act:
1. The office building property class.
2. The shopping centre property class.
3. The parking lots and vacant land property class.
4. The large industrial property class. O. Reg. 394/98, s. 1; O. Reg. 222/12, s. 1.
2. The new multi-residential property class prescribed under the Assessment Act is prescribed for the purposes of clause (b) of the definition of “residential property” in section 257.5 of the Act. O. Reg. 394/98, s. 2; O. Reg. 222/12, s. 2.