O. Reg. 310/05: Tax Matters - Relief in Unorganized Territory (Section 257.2.1 of the Act)

 

ontario regulation 310/05

made under the

education act

Made: May 19, 2005
Filed: June 13, 2005
Printed in The Ontario Gazette: July 2, 2005

Amending O. Reg. 509/98

(Tax Matters — Relief in Unorganized Territory (Section 257.2.1 of the Act))

1. (1) The definition of “same-sex partner” in subsection 7 (1) of Ontario Regulation 509/98 is revoked.

(2) The definition of “spouse” in subsection 7 (1) of the Regulation is amended by striking out “of the opposite sex” in the portion before clause (a).

(3) Clause 7 (2) (b) of the Regulation is amended by striking out “or same-sex partner”.

(4) Clause 7 (2) (c) of the Regulation is amended by striking out “or same-sex partner” in the portion before subclause (i).

(5) Clause 7 (2) (d) of the Regulation is amended by striking out “or same-sex partner”.

(6) Clauses 7 (6) and (7) of the Regulation are revoked and the following substituted:

(6) If the owner dies but the owner’s spouse is still alive, amounts deferred and the interest on such amounts are not due as long as,

(a) the spouse is alive;

(b) the property is the spouse’s principal residence; and

(c) the property is not transferred, other than to the spouse.

(7) If the owner’s spouse dies and, but for the spouse’s death, the owner would be entitled to a deferral of taxes if an application was made in accordance with clause (2) (f), the amounts deferred and the interest on such amounts are not due as long as,

(a) the owner is alive;

(b) the property is the owner’s principal residence; and

(c) the property is not transferred.

Made by:

Gregory Sorbara

Minister of Finance

Date made: May 19, 2005.