ontario regulation 339/05

made under the

Housing Development Act

Made: June 1, 2005
Filed: June 13, 2005
Printed in The Ontario Gazette: July 2, 2005

Amending Reg. 641 of R.R.O. 1990

(General)

1. (1) The definition of “adjusted household income” in section 1 of Regulation 641 of the Revised Regulations of Ontario, 1990 is revoked and the following substituted:

“adjusted household income” means the gross annual income from all sources of the principal wage earner of a household and his or her spouse during the 12 months immediately preceding the date of the application for a loan or during the preceding calendar year, whichever is the greater, after deducting,

(a) earnings of the spouse up to $1,000,

(b) $300 for each dependent child,

(c) the first $1,000 of earnings of a one-parent household,

(d) living out or travelling expenses of the principal wage earner of a household and his or her spouse, but not including living out or travelling expenses for which there is reimbursement by the employer or travelling expenses to and from the place of employment, and

(e) in the case of self-employment of the principal wage earner of a household or his or her spouse, the expenses that are,

(i) incurred in the earning of income, and

(ii) permitted deductions under the Income Tax Act (Canada);

(2) The definition of “same-sex partner” in section 1 of the Regulation is revoked.

(3) Clause (b) of the definition of “spouse” in section 1 of the Regulation is revoked and the following substituted:

(b) either of two persons who live together in a conjugal relationship outside marriage.

2. Form 2 is revoked and the following substituted:

FORM 2
PRELIMINARY LOAN APPLICATION

Housing Development Act

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