O. Reg. 267/17: GENERAL
filed July 5, 2017 under Assessment Act, R.S.O. 1990, c. A.31
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made under the
Assessment Act
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. 282/98
(GENERAL)
1. Ontario Regulation 282/98 is amended by adding the following section immediately before the heading “Prescribed Property Classes for Purposes of Subsection 19.1 (2) of the Act”:
48.5 (1) This section applies if,
(a) there is an eligible change, within the meaning of section 48.3, that results in a change to the assessment of land for the 2017, 2018 or 2019 taxation year; and
(b) subsection 48.4 (3), (4), (5), (6) or (10) applies with respect to the assessment of the land for the same taxation year.
(2) If this section applies, subsections 48.3 (2) to (14) apply, with the following modifications, in determining the eligible increase for the purposes of subsection 19.1 (1) of the Act for the relevant taxation year:
1. References to 2012, 2013, 2014 and 2015 shall be read as references to 2016, 2017, 2018 and 2019, respectively.
2. References to subsection 47.1 (1) shall be read as references to subsection 47.2 (1).
3. Paragraph 11 of subsection 48.3 (5) shall be read as including “the Greater London International Airport Authority” before “the Greater Toronto Airports Authority”.
4. The reference in subsection 48.3 (13) to subsection 48.2 (8) shall be read as a reference to subsection 48.4 (11).
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