O. Reg. 420/02: TAX MATTERS - 2001 AND 2002 TAXATION YEARS

 

ontario regulation 420/02

made under the

municipal Act

Made: December 20, 2002
Filed: December 20, 2002
Printed in The Ontario Gazette: January 4, 2003

Amending O. Reg. 171/01

(Tax Matters — 2001 and 2002 Taxation Years)

Note: Since the end of 2001, Ontario Regulation 171/01 has been amended by Ontario Regulation 162/02.  Previous amendments are listed in the Table of Regulations published in The Ontario Gazette dated January 19, 2002.

1. Section 2.1 of Ontario Regulation 171/01 is amended by adding the following subsection:

(4) Despite subsections (2) and (3), the 2002 adjustment fraction for the purposes of subsection (2) for a property in the Town of Whitby shall be the sum of the fraction otherwise determined for the property under subsection (3) plus the fraction equal to the following decimal amount that applies to the property class in which the property is included:

1. 0.007006 for the commercial and shopping centre property classes.

2. 0.007431 for the industrial and large industrial property classes.

3. 0.013961 for the multi-residential property class.

4. 0.007007 for the office building class.

2. Paragraph 5 of subsection 4.0.1 (1) of the Regulation is revoked and the following substituted:

5. For each property class, the adjusted 2001 tax rate is the sum of the class rate for 2001, as determined under paragraph 4, for the property class and the tax rate for school purposes prescribed under section 257.12 of the Education Act for,

i. 2001, if the property is in the County of Grey, or

ii. 2002, if the property is outside the County of Grey. 

3. Clause 7 (2) (b) of the Regulation is revoked and the following substituted:

(b) the additional rate for the property class for the year that is determined under subsection (2.1) if,

(i) the municipality has calculated the tax rate for the property class pursuant to subsection 1 (2) of Ontario Regulation 389/98, and

(ii) the property class is one of the commercial classes or industrial classes.

4. Section 16 of the Regulation is revoked and the following substituted:

Special rule for subsection 447.65 to 447.69 of the Act for certain properties

16. Payments in lieu of taxes made under subsections 4 (3) and (4) of the Municipal Tax Assistance Act in respect of property described in paragraphs 1, 2, 3 and 4 of section 15 shall be deemed to be taxes for municipal and school purposes for the year to which the payment relates for the purposes of sections 447.65, 447.67, 447.68 and 447.69 of the Act.

Janet Ecker

Minister of Finance

Dated on December 20, 2002.