O. Reg. 386/19: TAX MATTERS - TAX RATES FOR SCHOOL PURPOSES, Filed November 22, 2019 under Education Act, R.S.O. 1990, c. E.2
ontario regulation 386/19
made under the
Education Act
Made: November 19, 2019
Filed: November 22, 2019
Published on e-Laws: November 22, 2019
Printed in The Ontario Gazette: December 7, 2019
Amending O. Reg. 400/98
(TAX MATTERS - TAX RATES FOR SCHOOL PURPOSES)
1. (1) Subsection 3 (3) of Ontario Regulation 400/98 is amended by,
(a) striking out “for a year” in the portion before paragraph 1 and substituting “for 2019”;
(b) striking out “30” in paragraph 1 and substituting “15”; and
(c) striking out “35” in paragraph 2 and substituting “17.5”.
(2) Section 3 is amended by adding the following subsection:
(4) For 2020 and subsequent taxation years, there is no reduction under subsection 257.7 (3) of the Act to the tax rate for the subclasses for vacant land and excess land prescribed under the Assessment Act for the commercial property class and the industrial property class.
2. Subsection 11 (4) of the Regulation is amended by striking out “clause 2 (1) (b)” and substituting “sections 3 to 18”.
Commencement
3. This Regulation comes into force on the day it is filed.
Made by:
Pris par :
Le ministre des Finances,
Rod Phillips
Minister of Finance
Date made: November 19, 2019
Pris le : 19 novembre 2019