ONTARIO REGULATION 224/09

made under the

PROVINCIAL LAND TAX ACT, 2006

Made: June 9, 2009
Filed: June 10, 2009
Published on e-Laws: June 11, 2009
Printed in The Ontario Gazette: June 27, 2009


TAX RATES

Tax rate

1. (1) For the purposes of subsection 4 (1) of the Act, for land in a locality, the tax rate for the property classes set out in Column 1 of Table 1 is the rate set out opposite the property class in Column 2.

(2) For the purposes of subsection 4 (1) of the Act, for land not in a locality, the tax rate for the property classes set out in Column 1 of Table 2 is the rate set out opposite the property class in Column 2.

Tax rate, railway companies and power utilities

2. (1) The tax rate imposed on land described in paragraph 1 of subsection 5 (2) of the Act is $0.09 per acre.

(2) The tax rate imposed on land described in paragraph 2 of subsection 5 (2) of the Act is $2.05 per acre.

Prescribed power utilities

3. (1) A designated electricity utility, as defined in subsection 19.0.1 (5) of the Assessment Act, is prescribed as a power utility for the purposes of paragraph 2 of subsection 5 (2) of the Provincial Land Tax Act, 2006.

(2) The following corporations are prescribed as power utilities for the purposes of paragraph 2 of subsection 5 (2) of the Act:

1. Great Lakes Power Limited.

2. Canadian Niagara Power Company Limited.

3. Cedar Rapids Transmission Company Limited.

4. Inco Limited.

5. NAV Canada.

6. Cornwall Street Railway Light & Power Company Limited.

Minimum annual tax

4. For the purposes of subsection 5 (3) of the Act, the minimum annual tax payable under the Act in respect of any land is $6.

Commencement

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

TABLE 1
TAX RATES FOR LAND IN A LOCALITY

Property Class

Rate

Residential Property Class

0.00169776

Multi-residential Property Class

0.00169776

Farm Property Class

0.00042444

Managed Forests Property Class

0.00042444

Commercial Property Class

0.00054642

Industrial Property Class

0.00037936

Pipe Line Property Class

0.00193903


TABLE 2
TAX RATES FOR LAND NOT IN A LOCALITY

Property Class

Rate

Residential Property Class

0.00025520

Multi-residential Property Class

0.00025520

Farm Property Class

0.00006380

Managed Forests Property Class

0.00006380

Commercial Property Class

0.00054642

Industrial Property Class

0.00037936

Pipe Line Property Class

0.00193903


Made by:

Dwight Douglas Duncan

Minister of Finance

Date made: June 9, 2009.