O. Reg. 127/02: GENERAL
filed April 4, 2002 under Assessment Act, R.S.O. 1990, c. A.31Skip to content
ontario regulation 127/02
made under the
Made: April 2, 2002
Filed: April 4, 2002
Printed in The Ontario Gazette: April 20, 2002
Amending O. Reg. 282/98
Note: Since the end of 2001, Ontario Regulation 282/98 has been amended by Ontario Regulation 45/02. Previous amendments are listed in the Table of Regulations published in The Ontario Gazette dated January 19, 2002.
1. (1) Section 45.1 of Ontario Regulation 282/98 is amended by adding the following subsection:
(2.1) For the purposes of this Regulation, a reference to a municipality in which a designated airport authority is located is a reference to all the municipalities in which the designated airport authority is located.
(2) The Table in subsection 45.1 (3) of the Regulation is amended by adding the following:
Greater Toronto Airports Authority
(3) Section 45.1 of the Regulation is amended by adding the following subsections:
(3.1) The Greater Toronto Airports Authority shall make its payment in lieu of taxes for a taxation year, beginning with the 2001 taxation year, by paying,
(a) to the City of Mississauga an amount equal to 99.43 per cent of the amount of the payment determined under subsection (3) for the taxation year; and
(b) to the City of Toronto an amount equal to 0.57 per cent of the amount of the payment determined under subsection (3) for the taxation year.
. . . . .
(6.1) Despite subsections (5) and (6), the Greater Toronto Airports Authority shall pay the amount owing under this section for the 2001 taxation year,
(a) in two equal instalments, with the first instalment payable by the day that is 30 days after this subsection comes into force and the second instalment payable by the day that is 60 days after this subsection comes into force; or
(b) in the proportions and at the times agreed to in writing by the Greater Toronto Airports Authority, the City of Mississauga and the City of Toronto.
(4) Subsection 45.1 (7) of the Regulation is amended by striking out “subsection (5) or (6)” and substituting “subsection (5), (6) or (6.1)”.
James M. Flaherty
Minister of Finance
Dated on April 2, 2002.