O. Reg. 313/13: TAX MATTERS - TRANSITION RATIOS AND AVERAGE TRANSITION RATIOS

Link to law: http://www.ontario.ca/laws/regulation/r13313
Published: 2013-12-03

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ONTARIO REGULATION 313/13

made under the

MUNICIPAL ACT, 2001

Made: December 2, 2013
Filed: December 3, 2013
Published on e-Laws: December 3, 2013
Printed in The Ontario Gazette: December 21, 2013


Amending O. Reg. 385/98

(TAX MATTERS — TRANSITION RATIOS AND AVERAGE TRANSITION RATIOS)

1. Ontario Regulation 385/98 is amended by adding the following sections:

Transition Ratios and Average Transition Ratios for Certain Municipalities — 2013

13. Despite sections 9, 11 and 12, for a municipality set out in Column 1 of Table 1 for the 2013 taxation year,

(a) the transition ratios for the industrial property class and the large industrial property class set out in Columns 2 and 3 of Table 1 opposite the name of the municipality are prescribed; and

(b) the average transition ratio for the industrial classes set out in Column 4 of Table 1 opposite the name of the municipality is prescribed.

14. (1) For the 2013 taxation year, a municipality set out in Column 1 of Table 1 may establish tax ratios for the industrial property class and the large industrial property class in accordance with the transition ratios set out in Columns 2 and 3 opposite the name of the municipality.

(2) For the 2013 taxation year, a municipality set out in Column 1 of Table 1 may establish the average tax ratio for the industrial classes in accordance with the average transition ratio set out in Column 4 of Table 1 opposite the name of the municipality.

(3) If a municipality has established tax ratios for the industrial classes under subsection (1), the tax rates that apply to property in those classes for the purpose of determining their tax liability for the 2013 taxation year are the tax rates as determined by the municipality by applying the tax ratios established under subsection (1) to the actual tax rate for 2013 for the residential property class as calculated under section 11 of Ontario Regulation 73/03 (Tax Matters — Special Tax Rates and Limits) made under the Act, excluding the tax rate for school purposes.

(4) If a municipality has established tax ratios for the industrial classes under subsection (1), sections 3, 7 and 8 of Ontario Regulation 73/03 do not apply to those classes for the 2013 taxation year and no special levy under subsection 6 (2) of that regulation shall be raised on those classes for that year.

2. The Regulation is amended by adding the following Table:

TABLE 1
TRANSITION RATIOS AND AVERAGE TRANSITION RATIOS FOR 2013

Column 1
Municipality

Column 2
Transition ratio for the
Industrial Property Class

Column 3
Transition ratio for the
Large Industrial Property Class

Column 4
Average transition ratio for the Industrial Classes

Dryden, City of

1.500000

3.105000

2.992924

Espanola, Town of

2.002511

3.603582

3.503568

Fort Frances, Town of

2.744534

5.755343

5.345883

Iroquois Falls, Town of

1.746654

3.893022

3.617559

James, Township of

2.150929

2.524074

2.519861

Kapuskasing, Town of

1.520900

2.990231

2.748041


Commencement

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

Made by:

Charles Sousa

Minister of Finance

Date made: December 2, 2013.