ontario regulation 512/24

made under the

Education Act

Made: December 10, 2024
Filed: December 10, 2024
Published on e-Laws: December 10, 2024
Published in The Ontario Gazette: December 28, 2024

Amending O. Reg. 400/98

(TAX MATTERS — RATES FOR SCHOOL PURPOSES)

1. Ontario Regulation 400/98 is amended by adding the following section:

Aggregate Extraction Property Class

2.1 (1) The aggregate extraction property class as prescribed under the Assessment Act is prescribed for the purposes of clause (b) of the definition of “business property” in section 257.5 of the Act.

(2) For 2025, the tax rate for school purposes for property in the aggregate extraction property class is 0.00511000.

Commencement

2. This Regulation comes into force on the later of January 1, 2025 and the day this Regulation is filed.

Made by:
Pris par :

Le ministre des Finances,

Peter Bethlenfalvy

Minister of Finance

Date made: December 10, 2024
Pris le : 10 décembre 2024