O. Reg. 58/10: TRADITIONAL MUNICIPAL TAXES, LIMITS AND COLLECTION


Published: 2010-03-03

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ontario regulation 58/10

made under the

city of toronto act, 2006

Made: March 3, 2010
Filed: March 3, 2010
Published on e-Laws: March 4, 2010
Printed in The Ontario Gazette: March 20, 2010


Amending O. Reg. 121/07

(Traditional Municipal Taxes, Limits and Collection)

1. The definition of “qualifying taxation year” in subsection 1 (1) of Ontario Regulation 121/07 is revoked and the following substituted:

“qualifying taxation year” means the 2010 taxation year;

2. (1) Subsection 2.2 (1) of the Regulation is revoked and the following substituted:

Transition ratios

(1) This section applies for the qualifying taxation year if, in comparison to the previous year, the percentage of total tax revenue for the qualifying taxation year derived from tax on property in a class other than a specified residential class would be lower in the qualifying taxation year if the unadjusted tax ratios for the qualifying taxation year were applied.

(2) Subsection 2.2 (2) of the Regulation is amended by striking out “2009” and substituting “the qualifying taxation year”.

(3) Subsection 2.2 (3) of the Regulation is amended by striking out “2009” in the portion before clause (a) and substituting “the qualifying taxation year”.

(4) Clause 2.2 (3) (b) of the Regulation is amended by striking out “2009” and substituting “the qualifying taxation year”.

(5) Paragraph 1 of subsection 2.2 (4) of the Regulation is amended by striking out “2008” wherever it appears and substituting in each case “the previous year”.

(6) Paragraph 2 of subsection 2.2 (4) of the Regulation is amended by striking out “2009” in the portion before subparagraph i and substituting “the qualifying taxation year”.

(7) Subparagraph 2 ii of subsection 2.2 (4) of the Regulation is amended by striking out “2008” at the end and substituting “the previous year”.

(8) Paragraphs 1 and 2 of subsection 2.2 (5) of the Regulation are revoked and the following substituted:

1. Multiply the unadjusted tax ratio for the property class for the qualifying taxation year by the amount of the total assessment of the properties in that property class for the year.

2. Multiply the unadjusted tax ratio for the property class for the qualifying taxation year by the amount of the total assessment of the properties in that property class for the previous year.

(9) Paragraph 8 of subsection 2.2 (5) of the Regulation is revoked and the following substituted:

8. Determine the transition ratio for the property class for the qualifying taxation year by dividing the unadjusted tax ratio for the property class for the year by the adjustment factor for the property class determined under paragraph 7.

3. Section 2.3 of the Regulation is amended by striking out “2009” and substituting “the qualifying taxation year” and by striking out “2008” at the end and substituting “the previous year”.

4. Section 2.4 of the Regulation is amended by striking out “2009” at the end of the portion before paragraph 1 and substituting “the qualifying taxation year”.

5. (1) Subsection 2.5 (1) of the Regulation is amended by striking out “the 2009 taxation year” at the end of the portion before paragraph 1 and substituting “the qualifying taxation year”.

(2) Paragraph 1 of subsection 2.5 (1) of the Regulation is amended by striking out “the 2009 transition ratios” and substituting “the qualifying taxation year’s transition ratios”.

(3) Paragraph 2 of subsection 2.5 (1) of the Regulation is amended by striking out “the 2009 transition ratios” and substituting “the qualifying taxation year’s transition ratios”.

(4) Subsection 2.5 (2) of the Regulation is amended by striking out “the 2009 transition ratios” and substituting “the qualifying taxation year’s transition ratios”.

6. Subsection 6 (1) of the Regulation is amended by striking out “previous taxation year” in the portion before paragraph 1 and substituting “previous year”.

7. Clause 24 (1) (b) of the Regulation is amended by striking out “previous taxation year” at the end and substituting “previous year”.

8. (1) Subsection 39 (4) of the Regulation is amended by striking out “prior taxation year” in the portion before paragraph 1 and substituting “previous year”.

(2) Paragraph 1 of subsection 39 (4) of the Regulation is amended by striking out “previous taxation year” and substituting “previous year”.

9. This Regulation comes into force on the day it is filed.

Made by:

Dwight Douglas Duncan

Minister of Finance

Date made: March 3, 2010.