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O. Reg. 356/00: GENERAL

filed June 21, 2000 under Assessment Act, R.S.O. 1990, c. A.31

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ONTARIO REGULATION 356/00

made under the

Assessment Act

Made: June 21, 2000
Filed: June 21, 2000

Amending O. Reg. 282/98

(General)

Note: Since the end of 1998, Ontario Regulation 282/98 has been amended by Ontario Regulations 8/99, 46/99, 345/99, 351/99, 499/99, 605/99, 606/99, 105/00 and 174/00.  Previous amendments are listed in the Table of Regulations in the Statutes of Ontario, 1998.

1. (1) Paragraph 1 of subsection 3 (1) of Ontario Regulation 282/98 is amended by adding the following subparagraph:

x. land with self–contained units, organized as what is commonly known as a life lease project, in respect of which individuals (referred to in this subparagraph as “purchasers”) have each entered into an agreement to purchase a right (referred to in this subparagraph as the “life lease interest”) to occupy a unit for residential purposes within the project, if,

A. the term, not including renewals, of the life lease interest is equal to or greater than 20 years or is equal to the lifetime of the purchasers,

B. the purchasers have made one or more payments to the owner of the land on account of the purchase, and

C. the purchasers have a right to sell, transfer or otherwise dispose of the life lease interest in a manner determined under the terms of the agreement for the purchase.

(2) Subparagraph 2 iv of subsection 3 (1) of the Regulation is amended by inserting “a non–profit cultural organization” after “a non–profit private club”.

(3) Section 3 of the Regulation is amended by adding the following subsection:

(2.1) In subparagraph 2 iv of subsection (1),

“cultural organization” means an organization that is established and maintained for cultural activities for Canadians of a specific ethnic origin, including First Nations peoples;

“service organization” means an organization whose primary function is to provide services to promote the welfare of the community and not only to benefit its members. 

(4) Subsections (1), (2) and (3) apply to the 2000 and subsequent taxation years.

2. Section 5 of the Regulation is amended by adding the following subsection:

(2) For the 2000 and subsequent taxation years, a building that is used exclusively for storage purposes at the site where manufacturing, production or processing takes place is included in the commercial property class if the building is,

(a) not attached to a building or structure or portion of a building or structure that is included in the industrial property class; or

(b) linked to a building or structure or portion of a building or structure that is included in the industrial property class by means of a minimal connection or corridor constructed only for the purpose of moving material or goods between the buildings.

3. Subsection 6 (3.1) of the Regulation is revoked.

4. Section 8.1 of the Regulation is amended by adding the following subsection:

(3.1) Subject to subsection (4), if an application has been made under subsection (3) and the applicant’s land has been classified as belonging to the farmlands property class with respect to a taxation year, no further application need be made for subsequent taxation years.

5. Subsection 30 (2) of the Regulation is revoked and the following substituted:

(2) For the 2000 and subsequent taxation years, a request may not be made under subsection (1) after December 31 of the year in respect of which the request is made.

6. Subsection 34 (2) of the Regulation is revoked and the following substituted:

 

(2) For the 2000 and subsequent taxation years, a request may not be made under subsection (1) after December 31 of the year in respect of which the request is made.

Ernie Eves

Minister of Finance

Dated on June 21, 2000.