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O. Reg. 26/03: NON-CASH EXPENSES
filed February 5, 2003 under Financial Administration Act, R.S.O. 1990, c. F.12
Skip to contentONTARIO regulation 26/03
made under the
financial administration act
Made: February 3, 2003
Filed: February 5, 2003
Printed in The Ontario Gazette: February 22, 2003
non-cash expenses
Definition
1. For the purposes of the definition of “non-cash expense” in section 1 of the Act,
“non-cash expense” means the amount recognized as an expense in a fiscal year on account of any of the following:
1. The reduction of a prepaid expense.
2. Amortization of a capital asset.
3. A loss on the disposition of a capital asset.
4. A loss on the unusual loss of a capital asset.
5. Bad debt expense.
6. Imputed interest on a loan bearing interest below the prevailing market rate.
Statutory appropriation for certain non-cash expenses
2. Non-cash expenses described in paragraphs 2, 4 and 5 of the definition of “non-cash expense” in section 1 are prescribed for the purposes of subsection 11.1 (3) of the Act.
Commencement
3. This Regulation comes into force on April 1, 2003.