O. Reg. 514/01: TAX MATTERS PART XXII.3 OF THE ACT 2001 TAXATION YEAR

 

ontario regulation 514/01

made under the

municipal act

Made: December 18, 2001
Filed: December 20, 2001
Printed in The Ontario Gazette: January 5, 2002

Amending O. Reg. 171/01

(Tax Matters ¾ Part XXII.3 of the Act ¾ 2001 Taxation Year)

1. Ontario Regulation 171/01 is amended by adding the following sections:

Definitions

1.1 In this Part,

“former municipality” means a municipality as it existed on the day before a municipal restructuring took effect under the Act;

“merged area” means,

(a) all or part of a former municipality which, as a result of municipal restructuring, forms part of the restructured municipality,

(b) all or part of the territory without municipal organization in each geographic township which, as a result of municipal restructuring, forms part of the restructured municipality, or

(c) all territory without municipal organization which is not located in a geographic township which, as a result of municipal restructuring, forms part of the restructured municipality.

 . . . . .

Merged area deemed to be local municipality

4.1 Where a municipal restructuring has occurred in the current year or in the previous year and tax rates for municipal purposes have been adopted for the current year pertaining exclusively to a merged area, the merged area is deemed to be a local municipality for the purposes of sections 3 and 4.

2. Section 6 of the Regulation is amended by adding the following paragraphs:

3. For a property in the commercial property class that became part of the Municipality of Greenstone in 2001 on which taxes for school purposes were not levied in 2000, for the purposes of paragraph 1 of subsection 447.65 (2) of the Act, the taxes for school purposes shall be determined in accordance with the following formula:

T = 2001CVA ´ 0.014825784

where,

T are the taxes for school purposes determined under paragraph 1 of subsection 447.65 (2) of the Act, and

2001 CVA is the assessment of the property on the 2001 assessment roll for the Municipality of Greenstone.

4. For a property in the commercial class that became part of the Municipality of Sioux Narrows-Nestor Falls in 2001 on which taxes for school purposes were not levied in 2000, for the purposes of paragraph 1 of subsection 447.65 (2) of the Act, the taxes for school purposes shall be determined in accordance with the following formula:

T = 2001CVA ´ 0.01109693

where

T  are the taxes for school purposes determined under paragraph 1 of subsection 447.65 (2) of the Act, and

2001 CVA is the assessment of the property on the 2001 assessment roll for the Municipality of Sioux Narrows Nestor Falls.

James M. Flaherty

Minister of Finance

Dated on December 18, 2001.