O. Reg. 367/03: TAX MATTERS - TRANSITION RATIOS AND AVERAGE TRANSITION RATIOS

 

ontario regulation 367/03

made under the

Municipal Act, 2001

Made: August 28, 2003
Filed: September 2, 2003
Printed in The Ontario Gazette: September 20, 2003

Amending O. Reg. 385/98

(Tax Matters — Transition Ratios and Average Transition Ratios)

1. Ontario Regulation 385/98 is amended by adding the following section:

3. (1) The transition ratios set out in Table 3 are prescribed, for the purposes of subsection 308 (10) of the Act, for the municipalities set out in Table 3 for 2003.

(2) If no transition ratio is set out in Table 3 for a property class for a municipality, the upper limit of the allowable range for tax ratios prescribed for the property class is prescribed as the transition ratio for the purposes of subsection 308 (10) of the Act.

2. The Regulation is amended by adding the following Table:

 

 

Table 3

transition ratios for 2003

Municipality	Transition Ratios
	Multi-residential property class	Commercial property class	Industrial property class	Pipeline property class
The Archipelago, Township of		1.0167	1.0167

 

 

Janet Lynne Ecker

Minister of Finance

Dated on August 28, 2003.