ontario regulation 118/04

made under the

Municipal Act, 2001

Made: May 5, 2004
Filed: May 5, 2004
Printed in The Ontario Gazette: May 22, 2004

Amending O. Reg. 385/98

(Tax Matters — Transition Ratios and Average Transition Ratios)

1. Section 4 of Ontario Regulation 385/98 is revoked and the following substituted:

4. (1) The transition ratios set out in Table 4 are prescribed for 2004 for the purposes of subsection 308 (10) of the Act for the municipalities set out in that Table. 

(2) If no transition ratio is set out in Table 4 for a property class for a municipality, the upper limit of the allowable range for tax ratios prescribed for the property class is prescribed as the transition ratio for the purposes of subsection 308 (10) of the Act. 

2. The Regulation is amended by adding the following Table:

Table 4
transition ratios for 2004

Municipality	Transition Ratios
	Multi-residential property class	Commercial property class	Industrial property class	Pipe line property class	New multi-residential property class
Brantford, City of	2.408500	2.082000	3.902400	1.740400
Grey, County of	1.440929	1.225218	1.778261	0.803588
Kingston, City of	2.662704	1.866847	3.204133	1.017222	1.000000
Perth, County of	2.260133	1.246937	1.969158	1.639061
Toronto, City of	3.817465	3.858168	4.336779	1.923564	1.000000

Made by:

Gregory Sorbara

Minister of Finance

Date made: May 5, 2004.