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O. Reg. 576/22: TAX MATTERS - RATES FOR SCHOOL PURPOSES
filed December 19, 2022 under Education Act, R.S.O. 1990, c. E.2
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ontario regulation 576/22
made under the
Education Act
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. 400/98
(TAX MATTERS - RATES FOR SCHOOL PURPOSES)
1. Ontario Regulation 400/98 is amended by striking out “2022” wherever it appears and substituting in each case “2023”, except in section 12.
2. Section 9.1 of the Regulation is amended by adding the following subsection:
(5.1) Despite subsections (3), (4) and (5), the annual rate for business property that was classified in one of the new construction property classes in the assessment roll for the 2022 taxation year and for which payments in lieu of taxes for school purposes were made in that year is 0.0098000, if a higher rate would otherwise apply to the property under subsection (3), (4) or (5), as applicable.
3. Section 12 of the Regulation is amended by adding the following subsection:
(3) For 2023 and subsequent taxation years, subsection 257.7 (3) of the Act applies to the small business subclasses.
4. (1) Tables 1, 2 and 4 of the Regulation are amended by striking out “none” wherever it appears and substituting in each case “0.00880000”, except in the cell opposite “Essex, County of” in the Column entitled “Tax Rate for the Shopping Centre Property Class” in Table 2.
(2) Table 2 to the Regulation is amended by striking out “none” in the cell opposite “Essex, County of” in the Column entitled “Tax Rate for the Shopping Centre Property Class” and substituting “0.00872098”.
(3) Tables 5, 6 and 8 to the Regulation are amended by striking out “none” wherever it appears and substituting in each case “0.00980000”, except in the cell opposite “Essex, County of” in the Column entitled “Rate for the Shopping Centre Property Class” in Table 6.
(4) Table 6 to the Regulation is amended by striking out “none” in the cell opposite “Essex, County of” in the Column entitled “Rate for the Shopping Centre Property Class” and substituting “0.01229514”.
Commencement
5. This Regulation comes into force on the later of January 1, 2023 and the day this Regulation is filed.
Made by:
Pris par :
Le ministre des Finances,
Peter Bethlenfalvy
Minister of Finance
Date made: December 16, 2022
Pris le : 16 décembre 2022