ontario regulation 340/03

made under the

income tax act

Made: August 9, 2003
Filed: August 11, 2003
Printed in The Ontario Gazette: August 30, 2003

Amending O. Reg. 498/01

(Equity in Education Tax Credit)

1. (1) Section 4 of Ontario Regulation 498/01 is amended by adding the following subsection:

(4.1) Despite subsection (1), where a school has failed to provide the information by February 28, 2003 but gives an explanation for its failure to do so that the Minister is satisfied is reasonable, the school is an eligible independent school for the period beginning August 1, 2003 and ending on July 31, 2004,

(a) if the school satisfies the conditions listed in subsection (1), with the modifications described in this subsection;

(b) if the school satisfies the requirements of subsection (3), other than paragraph 5 of subsection (3); and

(c) if, instead of complying with paragraph 5 of subsection (3) the school gives the Minister the required information that it proposes to give to parents and legal guardians, current to the date on which it is given to the Minister, no later than September 30, 2003.

(2) Subsection 4 (7) of the Regulation is amended by striking out “subsections (1), (4), (5) and (6)” and substituting “subsections (1), (4), (4.1), (5) and (6)”.

Janet Lynne Ecker

Minister of Finance

Dated on August 9, 2003.