Regulation - Minister
City of Toronto Act Regulation (58/10)
Regulation Number(s):
58/10
Instrument Type:
Regulation - Minister
Bill or Act:
City of Toronto Act
Summary of Decision:
The City of Toronto Act Regulation 58/10 was approved by the Minister and Filed on March 3, 2010
Further Information:
O.Reg. 58/10
Proposal Number:
10-MOF035
Posting Date:
October 29, 2010
Summary of Proposal:
O. Reg. 58/10 made under the City of Toronto Act, 2006, amending O. Reg. 121/07
● These amendments allow the City of Toronto for 2010 to continue to apply a levy increase on restricted classes of up to 50% of the residential levy increase and also allow the City of Toronto to set their own transition tax ratios to offset the impacts of reassessment, based on a prescribed formula.
● These amendments allow the City of Toronto for 2010 to continue to apply a levy increase on restricted classes of up to 50% of the residential levy increase and also allow the City of Toronto to set their own transition tax ratios to offset the impacts of reassessment, based on a prescribed formula.
Contact Address:
Andrea Chow
Senior Economic Analyst
Provincial Local Finance Division
Ministry of Finance
777 Bay Street, 10th Floor
Toronto ON M5G2C8
Senior Economic Analyst
Provincial Local Finance Division
Ministry of Finance
777 Bay Street, 10th Floor
Toronto ON M5G2C8
Effective Date:
March 3, 2010
Decision:
Approved