O. Reg. 422/11: TRADITIONAL MUNICIPAL TAXES, LIMITS AND COLLECTION


Published: 2011-08-31

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ontario regulation 422/11

made under the

city of toronto act, 2006

Made: August 30, 2011
Filed: August 31, 2011
Published on e-Laws: September 1, 2011
Printed in The Ontario Gazette: September 17, 2011


Amending O. Reg. 121/07

(Traditional Municipal Taxes, Limits and Collection)

1. Ontario Regulation 121/07 is amended by adding the following section immediately before the heading “Miscellaneous (Part  XII of the Act)”:

Identification of comparable properties, s. 294 (6), (7) of the Act

35.1 (1) This section applies with respect to the eligible properties in the City in which, under subparagraph 6 ii of subsection 292 (1) of the Act, the amount of taxes on the properties for a particular taxation year is to be determined by multiplying the amount of the uncapped taxes by 100 per cent.

(2) Despite subsections 294 (6) and (7) of the Act, the assessment corporation is not required to identify comparable properties with respect to those eligible properties.

Commencement

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

Made by:

Dwight Douglas Duncan

Minister of Finance

Date made: August 30, 2011.