O. Reg. 25/18: TAX RATES

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ontario regulation 25/18

made under the

Provincial Land Tax Act, 2006

Made: February 12, 2018
Filed: February 13, 2018
Published on e-Laws: February 13, 2018
Printed in The Ontario Gazette: March 3, 2018

Amending O. Reg. 224/09

(TAX RATES)

1. Section 1 of Ontario Regulation 224/09 is revoked and the following substituted:

Tax rate

1. (1) For the purposes of subsection 4 (1) of the Act, for land in a locality,

(a) the tax rate for 2018 for the property in classes set out in Column 1 of Table 1 is the rate set out opposite the property class in Column 2;

(b) the tax rate for 2019 for the property in classes set out in Column 1 of Table 1 is the rate set out opposite the property class in Column 3;

(c) the tax rate for 2020 for the property in classes set out in Column 1 of Table 1 is the rate set out opposite the property class in Column 4; and

(d) the tax rate for 2021 and subsequent taxation years for the property in classes set out in Column 1 of Table 1 is the rate set out opposite the property class in Column 5.

(2) For the purposes of subsection 4 (1) of the Act, for land not in a locality,

(a) the tax rate for 2018 for the property in classes set out in Column 1 of Table 2 is the rate set out opposite the property class in Column 2;

(b) the tax rate for 2019 for the property in classes set out in Column 1 of Table 2 is the rate set out opposite the property class in Column 3;

(c) the tax rate for 2020 for the property in classes set out in Column 1 of Table 2 is the rate set out opposite the property class in Column 4; and

(d) the tax rate for 2021 and subsequent taxation years for the property in classes set out in Column 1 of Table 2 is the rate set out opposite the property class in Column 5.

2. Section 2 of the Regulation is revoked and the following substituted:

Tax rate, railway companies and power utilities

2. (1) The tax rate imposed on land described in paragraph 1 of subsection 5 (2) of the Act is,

(a) $0.71 per acre for 2018;

(b) $0.82 per acre for 2019;

(c) $0.94 per acre for 2020; and

(d) $1.03 per acre for 2021 and subsequent taxation years.

(2) The tax rate imposed on land described in paragraph 2 of subsection 5 (2) of the Act is,

(a) $7.53 per acre for 2018;

(b) $8.71 per acre for 2019;

(c) $9.98 per acre for 2020; and

(d) $10.92 per acre for 2021 and subsequent taxation years.

3. Tables 1 and 2 of the Regulation are revoked and the following substituted:

Table 1
tax rates for land in a locality

Item	Column 1 Property Class	Column 2 2018 Rate	Column 3 2019 Rate	Column 4 2020 Rate	Column 5 2021 and Subsequent Taxation Years Rate
1.	Residential Property Class	0.00237000	0.00242000	0.00247000	0.00250000
2.	Multi-Residential Property Class	0.00237000	0.00242000	0.00247000	0.00250000
3.	Farm Property Class	0.00059250	0.00060500	0.00061750	0.00062500
4.	Managed Forests Property Class	0.00059250	0.00060500	0.00061750	0.00062500
5.	Commercial Property Class	0.00215000	0.00247000	0.00279000	0.00300000
6.	Industrial Property Class	0.00215000	0.00247000	0.00279000	0.00300000
7.	Pipe Line Property Class	0.00661000	0.00726000	0.00791000	0.00850000
8.	Landfill Property Class	0.00215000	0.00247000	0.00279000	0.00300000

 

Table 2
tax rates for land not in a locality

Item	Column 1 Property Class	Column 2 2018 Rate	Column 3 2019 Rate	Column 4 2020 Rate	Column 5 2021 and Subsequent Taxation Years Rate
1.	Residential Property Class	0.00155000	0.00195000	0.00235000	0.00250000
2.	Multi-Residential Property Class	0.00155000	0.00195000	0.00235000	0.00250000
3.	Farm Property Class	0.00038750	0.00048750	0.00058750	0.00062500
4.	Managed Forests Property Class	0.00038750	0.00048750	0.00058750	0.00062500
5.	Commercial Property Class	0.00215000	0.00247000	0.00279000	0.00300000
6.	Industrial Property Class	0.00215000	0.00247000	0.00279000	0.00300000
7.	Pipe Line Property Class	0.00661000	0.00726000	0.00791000	0.00850000
8.	Landfill Property Class	0.00215000	0.00247000	0.00279000	0.00300000

 

Commencement

4. This Regulation comes into force on the day it is filed.

Made by:
Pris par :

Le ministre des Finances,

Charles Sousa

Minister of Finance

 

Date made: February 12, 2018
Pris le : 12 février 2018

 

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