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O. Reg. 66/19: TRADITIONAL MUNICIPAL TAXES, LIMITS AND COLLECTION

filed April 9, 2019 under City of Toronto Act, 2006, S.O. 2006, c. 11, Sched. A

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ontario regulation 66/19

made under the

City of Toronto Act, 2006

Made: April 8, 2019
Filed: April 9, 2019
Published on e-Laws: April 9, 2019
Printed in The Ontario Gazette: April 27, 2019

Amending O. Reg. 121/07

(TRADITIONAL MUNICIPAL TAXES, LIMITS AND COLLECTION)

1. The definition of “qualifying taxation year” in subsection 1 (1) of Ontario Regulation 121/07 is amended by striking out “2018” and substituting “2019”.

2. The formula in subsection 3 (4) of the Regulation is revoked and the following substituted:

A x {1 + 0.5 × [(B – C) / C]}

3. The formula in subsection 12 (3) of the Regulation is revoked and the following substituted:

School board (share) = Amount (of PIL) × [School taxes (class) / Total taxes (class)]

4. The formula in subsection 17 (3) of the Regulation is revoked and the following substituted:

(D - E) / E

5. The formula in subsection 31 (2) of the Regulation is revoked and the following substituted:

H / (J + 1)

Commencement

6. This Regulation comes into force on the day it is filed.

Made by:

Victor Fedeli

Minister of Finance

Date made: April 8, 2019