Exemption(S) - for Certain Acquisitions under the Toronto Islands Residential Community Stewardship Act, 1993
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O. Reg. 63/94: EXEMPTION(S) - FOR CERTAIN ACQUISITIONS UNDER THE TORONTO ISLANDS RESIDENTIAL COMMUNITY STEWARDSHIP ACT, 1993, Under: Land Transfer Tax Act, R.S.O. 1990, c. L.6
Land Transfer Tax Act
Loi sur les droits de cession immobilière
ONTARIO REGULATION 63/94
EXEMPTION(S) — FOR CERTAIN ACQUISITIONS UNDER THE TORONTO ISLANDS RESIDENTIAL COMMUNITY STEWARDSHIP ACT, 1993
Consolidation Period: From February 17, 1994 to the e-Laws currency date.
No amendments.
This Regulation is made in English only.
1. The Toronto Islands Residential Community Trust Corporation established under the Toronto Islands Residential Community Stewardship Act, 1993 is exempt from tax under the Act in respect of any conveyance or disposition to it of any ownership or leasehold interest in land under subsection 8 (7), section 16 or subsection 22 (10) or 27 (1) of the Toronto Islands Residential Community Stewardship Act, 1993. O. Reg. 63/94, s. 1.
2. Toronto Hydro is exempt from tax under the Act in respect of any conveyance or disposition to it of a leasehold interest in land under subsection 3 (5) of the Toronto Islands Residential Community Stewardship Act, 1993. O. Reg. 63/94, s. 2.
3. The Corporation of the City of Toronto is exempt from tax under the Act in respect of any conveyance or disposition to it of leasehold interests in land under section 4 of the Toronto Islands Residential Community Stewardship Act, 1993. O. Reg. 63/94, s. 3.