O. Reg. 260/17: GENERAL
filed July 5, 2017 under Provincial Land Tax Act, 2006, S.O. 2006, c. 33, Sched. Z.2
Skip to contentontario regulation 260/17
made under the
Provincial Land Tax Act, 2006
Made: July 5, 2017
Filed: July 5, 2017
Published on e-Laws: July 5, 2017
Printed in The Ontario Gazette: July 22, 2017
Amending O. Reg. 229/09
(GENERAL)
1. Subsections 10 (4) and (5) of Ontario Regulation 229/09 are revoked and the following substituted:
(4) Despite subsection (3), the amount of the tax deferral for a taxation year shall not exceed the amount by which 75 per cent of the assessed value of the property exceeds the total amount of taxes deferred in previous years under this section or under Ontario Regulation 3/02 (Tax Relief in Unorganized Territory for 2001 and Subsequent Years) made under the Education Act, before it was revoked.
(5) All amounts deferred under this section and under Ontario Regulation 3/02, before it was revoked, become due,
(a) upon the death of the assessed owner, except as otherwise provided in subsection (6);
(b) upon the transfer of the property; or
(c) on February 28 of the year following the first year for which the assessed owner is not entitled to a deferral of taxes, subject to subsections (7) and (8).
Commencement
2. This Regulation comes into force on the day it is filed.
Made by:
Pris par :
Le ministre des Finances,
Charles Sousa
Minister of Finance
Date made: July 5, 2017
Pris le : 5 juillet 2017