O. Reg. 123/07: TAX MATTERS - TAXATION OF CERTAIN RAILWAY, POWER UTILITY LANDS


Published: 2007-03-28

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ontario regulation 123/07

made under the

education act

Made: March 28, 2007
Filed: March 28, 2007
Published on e-Laws: March 29, 2007
Printed in The Ontario Gazette: April 14, 2007


Amending O. Reg. 392/98

(Tax Matters — Taxation of Certain Railway, Power Utility Lands)

1. Section 1 of Ontario Regulation 392/98 is amended by adding at the end “and land described in paragraphs 1 and 2 of subsection 280 (1) of the City of Toronto Act, 2006”.

2. Section 2 of the Regulation is revoked and the following substituted:

2. For the purposes of section 257.7 of the Act, the following is prescribed as the tax rate for school purposes for the applicable land in a geographic area listed in Column 1 of Table 1:

1. For land described in paragraph 1 of subsection 315 (1) of the Municipal Act, 2001 or paragraph 1 of subsection 280 (1) of the City of Toronto Act, 2006 that is located in the geographic area, it is the tax rate set out in Column 2 of the Table.

2. For land described in paragraph 2 of subsection 315 (1) of the Municipal Act, 2001 or paragraph 2 of subsection 280 (1) of the City of Toronto Act, 2006 that is located in the geographic area, it is the tax rate set out in Column 3 of the Table.

3. Sections 3 to 10 of the Regulation are revoked.

4. (1) The heading to Table 1 of the Regulation is revoked and the following substituted:

table 1
tax rates

(2) Table 1 of the Regulation is amended by striking out,

 


Geographic areas as described in subsection 315 (6) of the Municipal Act, 2001


Tax rates for land described in paragraphs 1 and 2 of subsection 315 (1) of the Municipal Act, 2001 — expressed as dollars per acre




 


Paragraph 1 (Railway rights-of-way)


Paragraph 2 (Electrical corridors)




1.


The City of Toronto and the regional municipalities of Durham, Halton, Peel and York


822.69


1,208.66










and substituting,

 


Item


Column 1


Column 2


Column 3




 


Geographic area


Tax rates for railway rights-of-way, expressed as dollars per acre


Tax rates for electrical corridors, expressed as dollars per acre




1.


The City of Toronto


822.69


1,208.66




1.1


The regional municipalities of Durham, Halton, Peel and York


822.69


1,208.66




5. Tables 2 to 22 of the Regulation are revoked.

Made by:

Gregory Sorbara

Minister of Finance

Date made: March 28, 2007.

 

 

 

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