O. Reg. 146/15: TAX RATES

Link to law: http://www.ontario.ca/laws/regulation/r15146
Published: 2015-06-17

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ontario regulation 146/15

made under the

Provincial Land Tax Act, 2006

Made: June 16, 2015
Filed: June 17, 2015
Published on e-Laws: June 17, 2015
Printed in The Ontario Gazette: July 4, 2015


Amending O. Reg. 224/09

(TAX RATES)

1. (1) Subsection 1 (1) of Ontario Regulation 224/09 is amended by striking out “2014” and substituting “2015”.

(2) Subsection 1 (2) of the Regulation is amended by striking out “2014” and substituting “2015”.

2. (1) Subsection 2 (1) of the Regulation is amended by striking out “$0.09” and substituting “$0.12”.

(2) Subsection 2 (2) of the Regulation is amended by striking out “$2.05” and substituting “$2.65”.

3. Tables 1 and 2 of the Regulation are revoked and the following substituted:

Table 1
tax rates for land in a locality

 


Property Class


Rate




Residential Property Class


0.001717




Multi-residential Property Class


0.001717




Farm Property Class


0.000429




Managed Forests Property Class


0.000429




Commercial Property Class


0.000694




Industrial Property Class


0.000542




Pipe Line Property Class


0.002453




Table 2
tax rates for land not in a locality

 


Property Class


Rate




Residential Property Class


0.000354




Multi-residential Property Class


0.000354




Farm Property Class


0.000088




Managed Forests Property Class


0.000088




Commercial Property Class


0.000694




Industrial Property Class


0.000542




Pipe Line Property Class


0.002453




Commencement

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

Made by:

Charles Sousa

Minister of Finance

Date made: June 16, 2015.