O. Reg. 370/05: Tax Matters - Transition Ratios and Average Transition Ratios
filed June 22, 2005 under Municipal Act, 2001, S.O. 2001, c. 25Skip to content
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.
Minister of Finance
Date made: June 21, 2005.