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O. Reg. 429/15: GENERAL

filed December 18, 2015 under Assessment Act, R.S.O. 1990, c. A.31

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ontario regulation 429/15

made under the

Assessment Act

Made: December 17, 2015
Filed: December 18, 2015
Published on e-Laws: December 18, 2015
Printed in The Ontario Gazette: January 2, 2016

Amending O. Reg. 282/98

(GENERAL)

1. Part III.1 of Ontario Regulation 282/98 is amended by adding the following section:

Non-Profit Long-Term Care Homes

23.1.1 (1) The following conditions are prescribed for the purposes of paragraph 7.2 of subsection 3 (1) of the Act with respect to the exemption from taxation for land that is used as a non-profit long-term care home:

1. The land,

i. is owned by the licensee of a non-profit long-term care home,

ii. is leased by the licensee of a non-profit long-term care home and would be exempt from taxation if it was occupied by the owner, or

iii. is leased by the licensee of a non-profit long-term care home and on January 1, 2016, the land was used as a non-profit long-term care home.

(2) Despite subsection (1), the exemption in paragraph 7.2 of subsection 3 (1) of the Act does not apply to any portion of land that is used as a non-profit long-term care home if the land is occupied by a commercial tenant.

(3) In this section,

“licensee” and “non-profit long-term care home” have the same meaning as under the Long-Term Care Homes Act, 2007.

Commencement

2. This Regulation comes into force on January 1, 2016 or, if this Regulation is filed after that date, it is deemed to have come into force on that date.

Made by:

Charles Sousa

Minister of Finance

Date made: December 17, 2015.