O. Reg. 96/04: Tax Matters - Transition Ratios and Average Transition Ratios

 

ontario regulation 96/04

made under the

Municipal Act, 2001

Made: April 15, 2004
Filed: April 15, 2004
Printed in The Ontario Gazette: May 1, 2004

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:

4. The transition ratios prescribed for the City of Toronto for 2004 for the purposes of subsection 308 (10) of the Act are as follows:

1. 3.817465 for the multi-residential property class.

2. 3.858168 for the commercial property class.

3. 4.336779 for the industrial property class.

4. 1.923564 for the pipe line property class.

5. 1.000000 for the new multi-residential property class.

6. The upper limit of the allowable range of tax ratios prescribed for the property class if the property class is not listed in paragraph 1, 2, 3, 4 or 5.

Made by:

Gregory Sorbara

Minister of Finance

Date made: April 15, 2004.