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O. Reg. 333/21: TRADITIONAL MUNICIPAL TAXES, LIMITS AND COLLECTION
filed May 7, 2021 under City of Toronto Act, 2006, S.O. 2006, c. 11, Sched. A
Skip to contentontario 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