Regulation - Minister
Property Tax Exemption for Non-Profit Long-Term Care Homes
Regulation Number(s):
Ontario Regulation 282/98
Instrument Type:
Regulation - Minister
Bill or Act:
Assessment Act
Summary of Proposal:
The Assessment Act provides authority for the Minister of Finance to prescribe the conditions that must be met in order for "land that is used as a non-profit long-term care home" to be exempt from property tax. (The definition of land under the Assessment Act includes buildings.)
The Minister of Finance is proposing to amend Ontario Regulation 282/98 under the Assessment Act to prescribe the following conditions which must be met in order for property to be eligible for this tax exemption:
1. The property must be used as a "long-term care home", within the meaning of the Long-Term Care Homes Act, 2007;
2. The licensee of the home must be a "non-profit" entity within the meaning of the Long-Term Care Homes Act, 2007 and Ontario Regulation 79/10 under that Act;
3. The land must be owned by the licensee of the non-profit long-term care home; however, if the licensee leases the land, the property would be eligible for the tax exemption if:
a) the land was used as a non-profit long-term care home on January 1, 2015 and continues to be used for that purpose; or
b) the land would otherwise be exempt from taxation if it was occupied by the owner (for example, if the non-profit long-term care home is operated on premises leased from a non-profit religious organization).
The property tax exemption would not apply to any portion of the land that is occupied by a commercial tenant.
The regulation would be effective from January 1, 2015.
The Minister of Finance is proposing to amend Ontario Regulation 282/98 under the Assessment Act to prescribe the following conditions which must be met in order for property to be eligible for this tax exemption:
1. The property must be used as a "long-term care home", within the meaning of the Long-Term Care Homes Act, 2007;
2. The licensee of the home must be a "non-profit" entity within the meaning of the Long-Term Care Homes Act, 2007 and Ontario Regulation 79/10 under that Act;
3. The land must be owned by the licensee of the non-profit long-term care home; however, if the licensee leases the land, the property would be eligible for the tax exemption if:
a) the land was used as a non-profit long-term care home on January 1, 2015 and continues to be used for that purpose; or
b) the land would otherwise be exempt from taxation if it was occupied by the owner (for example, if the non-profit long-term care home is operated on premises leased from a non-profit religious organization).
The property tax exemption would not apply to any portion of the land that is occupied by a commercial tenant.
The regulation would be effective from January 1, 2015.
Further Information:
Assessment Act
Proposal Number:
15-MOF019
Posting Date:
September 8, 2015
Comments Due Date:
October 23, 2015
Contact Address:
Provincial Local Finance Division
10th Floor, 777 Bay Street
Toronto, ON
M5G 2C8
10th Floor, 777 Bay Street
Toronto, ON
M5G 2C8