ontario regulation 75/25

made under the

City of Toronto Act, 2006

Made: May 22, 2025
Filed: May 26, 2025
Published on e-Laws: May 26, 25
Published in The Ontario Gazette: June 14, 2025

Amending O. Reg. 121/07

(TRADITIONAL MUNICIPAL TAXES, LIMITS AND COLLECTION)

1. Ontario Regulation 121/07 is amended by adding the following section:

Affordable rental housing subclass

9.5 (1) For the purposes of clause 278.1 (1) (b) of the Act, the prescribed range for the affordable rental housing subclasses is between 0 and 35 per cent, inclusive.

(2) Despite subsection (1), if the City has passed a by-law opting to have the new multi-residential property (municipal reduction) subclass apply in the City, the bottom of the prescribed range for the affordable rental housing subclass of the new multi-residential property class shall be the percentage reduction for the new multi-residential property (municipal reduction) subclass, inclusive of that percentage.

Commencement

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

Made by:

Peter Bethlenfalvy

Minister of Finance

Date made: May 22, 2025