O. Reg. 446/12: TAX RATES

Link to law: http://www.ontario.ca/laws/regulation/r12446
Published: 2012-12-20

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ONTARIO REGULATION 446/12

made under the

PROVINCIAL LAND TAX ACT, 2006

Made: December 14, 2012
Filed: December 20, 2012
Published on e-Laws: December 20, 2012
Printed in The Ontario Gazette: January 5, 2013


Amending O. Reg. 224/09

(TAX RATES)

Note: Ontario Regulation 224/09 has not previously been amended.

1. (1) Subsection 1 (1) of Ontario Regulation 224/09 is amended by adding “for 2013” after “the tax rate”.

(2) Subsection 1 (2) of the Regulation is amended by adding “for 2013” after “the tax rate”.

2. 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

0.00161727

Multi-residential Property Class

0.00161727

Farm Property Class

0.00040432

Managed Forests Property Class

0.00040432

Commercial Property Class

0.00054436

Industrial Property Class

0.00039189

Pipe Line Property Class

0.00190290


TABLE 2
TAX RATES FOR LAND NOT IN A LOCALITY

Property Class

Rate

Residential Property Class

0.00025393

Multi-residential Property Class

0.00025393

Farm Property Class

0.00006348

Managed Forests Property Class

0.00006348

Commercial Property Class

0.00054436

Industrial Property Class

0.00039189

Pipe Line Property Class

0.00190290


Commencement

3. This Regulation comes into force on the later of January 1, 2013 and the day it is filed.

Made by:

Dwight Douglas Duncan

Minister of Finance

Date made: December 14, 2012.