ontario regulation 229/06

made under the

Income tax act

Made: April 26, 2006
Filed: May 23, 2006
Published on e-Laws: May 24, 2006
Printed in The Ontario Gazette: June 10, 2006

Amending O. Reg. 156/03

(Tax Incentive for Investing in Ontario Jobs and Opportunity Bonds)

1. Paragraph 2 of subsection 12 (2) of Ontario Regulation 156/03 is revoked and the following substituted:

2. The rate of interest payable or to be applied by the Provincial Minister, in respect of a particular date before July 1, 2006, is the annual interest rate that is two percentage points lower than the base rate of interest that is in effect on that date, as determined under paragraphs 4 to 6. 

2.1 The rate of interest payable or to be applied by the Provincial Minister, in respect of a particular date after June 30, 2006, is the annual interest rate that is three percentage points lower than the base rate of interest that is in effect on that date, as determined under paragraphs 4 to 6.

Made by:

Dwight Douglas Duncan

Minister of Finance

Date made: April 26, 2006.