ontario regulation 333/21

made under the

City of Toronto Act, 2006

Made: May 6, 2021
Filed: May 7, 2021
Published on e-Laws: May 7, 2021
Printed in The Ontario Gazette: May 22, 2021

Amending O. Reg. 121/07

(TRADITIONAL MUNICIPAL TAXES, LIMITS AND COLLECTION)

1. The definition of “qualifying taxation year” in subsection 1 (1) of Ontario Regulation 121/07 is amended by striking out “2021” and substituting “2022”.

2. The Regulation is amended by adding the following section:

Small business subclass

9.3 For the purposes of clause 278.1 (1) (b) of the Act, the prescribed range for the small business subclass is between 0 and 35 per cent, inclusive.

Commencement

3. (1) Subject to subsection (2), this Regulation is deemed to have come into force on January 1, 2021.

(2) Section 1 comes into force on January 1, 2022.

Made by:

Peter Bethlenfalvy

Minister of Finance

Date made: May 6, 2021