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O. Reg. 123/07: TAX MATTERS - TAXATION OF CERTAIN RAILWAY, POWER UTILITY LANDS
filed March 28, 2007 under Education Act, R.S.O. 1990, c. E.2
Skip to contentontario regulation 123/07
made under the
education act
Made: March 28, 2007
Filed: March 28, 2007
Published on e-Laws: March 29, 2007
Printed in The Ontario Gazette: April 14, 2007
Amending O. Reg. 392/98
(Tax Matters — Taxation of Certain Railway, Power Utility Lands)
1. Section 1 of Ontario Regulation 392/98 is amended by adding at the end “and land described in paragraphs 1 and 2 of subsection 280 (1) of the City of Toronto Act, 2006”.
2. Section 2 of the Regulation is revoked and the following substituted:
2. For the purposes of section 257.7 of the Act, the following is prescribed as the tax rate for school purposes for the applicable land in a geographic area listed in Column 1 of Table 1:
1. For land described in paragraph 1 of subsection 315 (1) of the Municipal Act, 2001 or paragraph 1 of subsection 280 (1) of the City of Toronto Act, 2006 that is located in the geographic area, it is the tax rate set out in Column 2 of the Table.
2. For land described in paragraph 2 of subsection 315 (1) of the Municipal Act, 2001 or paragraph 2 of subsection 280 (1) of the City of Toronto Act, 2006 that is located in the geographic area, it is the tax rate set out in Column 3 of the Table.
3. Sections 3 to 10 of the Regulation are revoked.
4. (1) The heading to Table 1 of the Regulation is revoked and the following substituted:
table 1
tax rates
(2) Table 1 of the Regulation is amended by striking out,
|
Geographic areas as described in subsection 315 (6) of the Municipal Act, 2001 |
Tax rates for land described in paragraphs 1 and 2 of subsection 315 (1) of the Municipal Act, 2001 — expressed as dollars per acre |
||
|
|
Paragraph 1 (Railway rights-of-way) |
Paragraph 2 (Electrical corridors) |
|
|
1. |
The City of Toronto and the regional municipalities of Durham, Halton, Peel and York |
822.69 |
1,208.66 |
and substituting,
|
Item |
Column 1 |
Column 2 |
Column 3 |
|
|
Geographic area |
Tax rates for railway rights-of-way, expressed as dollars per acre |
Tax rates for electrical corridors, expressed as dollars per acre |
|
1. |
The City of Toronto |
822.69 |
1,208.66 |
|
1.1 |
The regional municipalities of Durham, Halton, Peel and York |
822.69 |
1,208.66 |
5. Tables 2 to 22 of the Regulation are revoked.
Made by:
Gregory Sorbara
Minister of Finance
Date made: March 28, 2007.