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O. Reg. 370/05: Tax Matters - Transition Ratios and Average Transition Ratios

filed June 22, 2005 under Municipal Act, 2001, S.O. 2001, c. 25

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ontario regulation 370/05

made under the

municipal act, 2001

Made: June 21, 2005
Filed: June 22, 2005
Printed in The Ontario Gazette: July 9, 2005

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:

5. If a municipality adopts the new multi-residential property class, the upper limit of the allowable range for tax ratios for that property class is the same as the transition ratio that is prescribed for the purposes of subsection 308 (10) of the Act for the first year in which the new multi-residential property class applies.

Made by:

Gregory Sorbara

Minister of Finance

Date made: June 21, 2005.