ONTARIO REGULATION 294/00

made under the

MUNICIPAL ACT

Made: May 17, 2000
Filed: May 18, 2000

Amending O. Reg. 388/98

(Taxes — Telephone Companies)

1. Sections 1 and 2 of Ontario Regulation 388/98 are revoked and the following substituted:

1. For the purposes of subsection 159 (4) of the Act (rate of tax), the following percentages are prescribed for the years indicated:

1. For 1998, 5 per cent.

2. For 1999, 4 per cent.

3. For 2000, 3 per cent.

4. For 2001, 2 per cent.

5. For 2002, 1 per cent.

6. For 2003 and subsequent years, 0 per cent.

Ernie Eves

Minister of Finance

Dated on May 17, 2000.