O. Reg. 672/05: PAYMENTS IN LIEU OF CORPORATE TAXES - MUNICIPAL ELECTRICITY UTILITIES

 

ontario regulation 672/05

made under the

Electricity Act, 1998

Made: December 28, 2005
Filed: December 29, 2005
Published on e-Laws: December 30, 2005
Printed in The Ontario Gazette: January 14, 2006

Amending O. Reg. 162/01

(Payments in Lieu of Corporate Taxes — Municipal Electricity Utilities)

1. Paragraph 1 of section 4 of Ontario Regulation 162/01 is revoked and the following substituted:

1. Sections 150 to 180 and 220 to 244 of the Federal Act do not apply.

2. Paragraphs 6 and 7 of section 12 of the Regulation are amended by striking out “paragraph 3” wherever it appears and substituting in each case “subparagraph 5 ii”.

3. (1) Subject to subsections (2) and (3), this Regulation comes into force on the day it is filed.

(2) Section 1 shall be deemed to have come into force on October 1, 2001.

(3) Section 2 shall be deemed to have come into force on March 28, 2002. 

Made by:

Dwight Duncan

Minister of Finance

Date made: December 28, 2005.