O. Reg. 574/22: TAX MATTERS - SPECIAL TAX RATES AND LIMITS, Filed December 19, 2022 under TAX MATTERS - TIME LIMITS FOR 2005 UNDER SECTIONS 308, 308.1, 310, 311, 314, 329.1 AND 362 OF THE ACT
ontario regulation 574/22
made under the
Municipal Act, 2001
Made: December 16, 2022
Filed: December 19, 2022
Published on e-Laws: December 19, 2022
Printed in The Ontario Gazette: January 7, 2023
Amending O. Reg. 73/03
(TAX MATTERS - SPECIAL TAX RATES AND LIMITS)
1. The definition of “qualifying taxation year” in subsection 1 (1) of Ontario Regulation 73/03 is revoked.
2. Subsection 3 (3.1) of the Regulation is amended by striking out “for a qualifying taxation year, a municipality may elect to apply a different tax rate for the general levy for a taxation year” in the portion before the formula and substituting “a municipality may elect to apply a different tax rate for the general levy for the taxation year”.
3. Subsection 8 (4.1) of the Regulation is amended by,
(a) striking out “For a qualifying taxation year, if a municipality” at the beginning of the portion before paragraph 1 and substituting “If, for a taxation year, a municipality; and
(b) striking out “a qualifying taxation year” in paragraph 2 and substituting “the year”.
Commencement
4. This Regulation comes into force on the later of January 1, 2023 and the day this Regulation is filed.
Le ministre des Finances,
Peter Bethlenfalvy
Minister of Finance
Date made: December 16, 2022
Pris le : 16 décembre 2022
