O. Reg. 577/22: TRADITIONAL MUNICIPAL TAXES, LIMITS AND COLLECTION

 

ontario regulation 577/22

made under the

City of Toronto Act, 2006

Made: December 16, 2022
Filed: December 19, 2022
Published on e-Laws: December 19, 2022
Printed in The Ontario Gazette: January 7, 2023

Amending O. Reg. 121/07

(TRADITIONAL MUNICIPAL TAXES, LIMITS AND COLLECTION)

1. (1) The definition of “qualifying taxation year” in subsection 1 (1) of Ontario Regulation 121/07 is revoked.

(2) The definition of “unadjusted tax ratio” in subsection 1 (1) of the Regulation is amended by,

(a) striking out “the qualifying taxation year” in the portion before clause (a) and substituting “a taxation year”; and

(b) striking out “the qualifying taxation year” in clause (b) and substituting “the taxation year”.

2. (1) Section 2.2 of the Regulation is amended by striking out “the qualifying taxation year” wherever it appears and substituting the first occurrence with “a taxation year” and every other occurrence with “the taxation year”.

(2) Subsection 2.2 (5) of the Regulation is amended by striking out “2.3 and 2.4” in the portion before paragraph 1 and substituting “2.3, 2.4 and 2.6”.

3. Section 2.2.1 of the Regulation is amended by striking out “the qualifying taxation year” wherever it appears and substituting the first occurrence with “a taxation year” and every other occurrence with “the taxation year”.

4. Section 2.2.2 of the Regulation is amended by striking out “the qualifying taxation year” wherever it appears and substituting the first occurrence with “a taxation year” and every other occurrence with “the taxation year”.

5. Section 2.2.3 of the Regulation is amended by striking out “the qualifying taxation year” wherever it appears and substituting the first occurrence with “a taxation year” and every other occurrence with “the taxation year”.

6. Section 2.4 of the Regulation is amended by striking out “the qualifying taxation year” in the portion before paragraph 1 and substituting “a taxation year”.

7. Section 2.5 of the Regulation is amended by striking out “the qualifying taxation” wherever it appears and substituting the first occurrence with “a taxation” and every other occurrence with “the taxation”.

8. The Regulation is amended by adding the following section:

Optional property classes, transition ratios and average transition ratios

2.6 (1) For the purposes of subsection 275 (8) of the Act, the transition ratio for an optional property class if no property was classified in the optional property class in the previous year is equal to the tax ratio that would apply to the property that is in the optional property class if the optional property class had not been adopted.

(2) For the purposes of subsection 275 (9) of the Act, the average transition ratio for the commercial classes or the industrial classes, as the case may be, for the first year that an optional property class applies or ceases to apply in a municipality is equal to,

(a) if the optional property class is one of the commercial classes, the weighted average, for the previous year, of the tax ratios for the commercial classes as determined in accordance with subsection 275 (12) of the Act; and

(b) if the optional property class is one of the industrial classes, the weighted average, for the previous year, of the tax ratios for the industrial classes as determined in accordance with subsection 275 (12) of the Act.

9. Subsection 3 (4) of the Regulation is amended by striking out “for a qualifying taxation year, the City may elect to apply a different tax rate for the general levy for a taxation year” in the portion before the formula and substituting “the City may elect to apply a different tax rate for the general levy for the taxation year”.

10. Subsection 7 (5) of the Regulation is amended by,

(a) striking out “For a qualifying taxation year, if the City” at the beginning of the portion before paragraph 1 and substituting “If, for a taxation year, the City”; and  

(b) striking out “a qualifying taxation year” in paragraph 2 and substituting “the year”.

Commencement

11. This Regulation comes into force on the later of January 1, 2023 and the day this Regulation is filed.

Made by:

Peter Bethlenfalvy

Minister of Finance

Date made: December 16, 2022