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ONTARIO REGULATION 237/00

made under the

RETAIL SALES TAX ACT

Made: April 19, 2000
Filed: April 20, 2000

Amending Reg. 1013 of R.R.O. 1990

(General)

Note: Since the end of 1998, Regulation 1013 has been amended by Ontario Regulations 444/99, 445/99, 456/99 and 116/00.  Previous amendments are listed in the Table of Regulations in the Statutes of Ontario, 1998.

1. (1) The definition of “boats, fishing nets and other fishing apparatus utilized in catching fish for human consumption, purchased by a commercial fisher for use solely in that trade” in section 1 of Regulation 1013 of the Revised Regulations of Ontario, 1990 is amended by striking out the portion before the words “Boats and General” and substituting the following:

“boats, fishing nets and other fishing apparatus utilized in catching fish for human consumption, purchased by a person engaged in the business of fishing” includes the following classes of tangible personal property when purchased by a person who, with respect to the purchase of such property, provides the vendor with a signed statement certifying that the person is engaged in the business of fishing and that the property will be used exclusively in the conduct of that business:

. . . . .

(2) Section 1 of the Regulation is amended by adding the following definitions:

“fishing” means fishing within the meaning of section 248 of the Income Tax Act (Canada);

“person engaged in the business of fishing” means a person who undertakes fishing with a reasonable expectation of profit;

2. Clauses 5 (7) (a), (b) and (c) of the Regulation are revoked and the following substituted:

(a) less than $2,000;

(b) $2,000 or more but less than $4,000; or

(c) $4,000 or more but less than $6,000,

. . . . .