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O. Reg. 278/01: GENERAL

filed July 18, 2001 under Assessment Act, R.S.O. 1990, c. A.31

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ONTARIO regulation 278/01

made under the

Assessment Act

Made: July 17, 2001
Filed: July 18, 2001
Printed in The Ontario Gazette: August 4, 2001

Amending O. Reg. 282/98

(General)

Note: Since the end of 2000, Ontario Regulation 282/98 has been amended by Ontario Regulations 54/01 and 62/01.  Previous amendments are listed in the Table of Regulations published in The Ontario Gazette dated January 20, 2001.

1. Ontario Regulation 282/98 is amended by adding the following section:

New Residential Unit — Exempt Portion

45.2 For the purposes of paragraph 22 of subsection 3 (1) of the Act, the prescribed portion of a new residential unit described in that paragraph is 10 per cent of the assessment of the unit.

James M. Flaherty

Minister of Finance

Dated on July 17, 2001.