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O. Reg. 215/06: GENERAL
filed May 23, 2006 under Retail Sales Tax Act, R.S.O. 1990, c. R.31
Skip to contentontario regulation 215/06
made under the
retail sales tax act
Made: May 3, 2006
Filed: May 23, 2006
Published on e-Laws: May 24, 2006
Printed in The Ontario Gazette: June 10, 2006
Amending Reg. 1013 of R.R.O. 1990
(General)
1. Paragraph 4 of subsection 21 (2) of Regulation 1013 of the Revised Regulations of Ontario, 1990 is revoked and the following substituted:
4. The prescribed rate of interest to be paid or allowed by the Minister to a person under the Act, in respect of a particular day before July 1, 2006, shall be an annual interest rate that is two percentage points lower than the base rate of interest in effect for that day.
4.1 The prescribed rate of interest to be paid or allowed by the Minister to a person under the Act, in respect of a particular day after June 30, 2006, shall be an annual interest rate that is three percentage points lower than the base rate of interest in effect for that day.