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ontario regulation 224/06

made under the

Corporations 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. 183 of R.R.O. 1990

(General)

1. Paragraph 4 of subsection 503 (2) of Regulation 183 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.