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O. Reg. 229/06: Tax Incentive for Investing in Ontario Jobs and Opportunity Bonds
filed May 23, 2006 under Income Tax Act, R.S.O. 1990, c. I.2
Skip to contentontario regulation 229/06
made under the
Income tax act
Made: April 26, 2006
Filed: May 23, 2006
Published on e-Laws: May 24, 2006
Printed in The Ontario Gazette: June 10, 2006
Amending O. Reg. 156/03
(Tax Incentive for Investing in Ontario Jobs and Opportunity Bonds)
1. Paragraph 2 of subsection 12 (2) of Ontario Regulation 156/03 is revoked and the following substituted:
2. The rate of interest payable or to be applied by the Provincial Minister, in respect of a particular date before July 1, 2006, is the annual interest rate that is two percentage points lower than the base rate of interest that is in effect on that date, as determined under paragraphs 4 to 6.
2.1 The rate of interest payable or to be applied by the Provincial Minister, in respect of a particular date after June 30, 2006, is the annual interest rate that is three percentage points lower than the base rate of interest that is in effect on that date, as determined under paragraphs 4 to 6.
Made by:
Dwight Douglas Duncan
Minister of Finance
Date made: April 26, 2006.