Second Session, Thirty-Eighth Legislature
This version is based on the printed bill that was distributed in the Legislature after First Reading.
It is not the official version. If accuracy is critical, you can obtain a copy of the printed bill from Statutory Publications.
Bill 213
THE SENIORS' PROPERTY TAX DEFERMENT ACT
Section | Table of Contents |
1 | Definitions |
2(1) | Minister may enter into agreement |
(2) | Applying for deferral agreement |
(3) | Duties of tax administrator |
(4) | When minister may approve |
(5) | Corporate ownership |
(6) | Minister's decision is final |
3(1) | Tax penalties and interest |
(2) | Effect of rejecting application |
4(1) | Taxes deferred in first year |
(2) | Application to defer taxes in later years |
(3) | Annual statement of account |
(4) | Minister to pay municipality |
(5) | Insufficient expenditure authority |
5 | Act and agreement prevail |
6(1) | Registration in land titles office |
(2) | Lien |
(3) | Restriction against transfer |
7 | Agreement cannot be assigned |
8(1) | Termination of agreement |
(2) | Transfer to surviving spouse or common-law partner |
(3) | Minister may delay termination date |
(4) | Minister may suspend or terminate agreement |
9(1) | Debt to government |
(2) | Interest on debt |
(3) | Debt payable on termination |
(4) | Earlier repayment optional |
10(1) | Satisfaction of agreement |
(2) | Discharge of encumbrance |
11 | Offence |
12 | Regulations |
13 | C.C.S.M. reference |
14 | Coming into force |