ontario regulation 294/18

made under the

Financial Administration Act

Made: April 18, 2018
Filed: April 20, 2018
Published on e-Laws: April 23, 2018
Printed in The Ontario Gazette: May 5, 2018

Amending O. Reg. 591/17

(NON-CASH EXPENSES)

1. Section 2 of Ontario Regulation 591/17 is amended by,

(a) striking out “the following item is prescribed” in the portion before paragraph 1 and substituting “each of the following expenses is prescribed”; and

(b) adding the following paragraph:

disposition of leasehold below market

2. An imputed subsidy arising upon the disposition of a leasehold interest in real property for less than market value. This paragraph does not apply to a disposition made under one of the following Acts:

i. The Provincial Parks and Conservation Reserves Act, 2006.

ii. The Public Lands Act.

Commencement

2. This Regulation comes into force on the day it is filed.