S.M. 2002, c. 39
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| PART 7
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| FINANCIAL ADMINISTRATION
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| DIVISION 1
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| BUDGETS
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| 283
| Fiscal year
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| 284(1)
| Annual operating budget
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| (2)
| Capital budget and forecast
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| (3)
| Manner and form
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| 285(1)
| Content of operating budget
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| (2)
| Expenditures not to exceed revenues
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| 286
| Content of capital budget and capital forecast
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| 287
| Grants to city
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| DIVISION 2
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| EXPENDITURES
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| 288(1)
| Expenditures
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| (2)
| Expenditures before budget adopted
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| (3)
| Expenditures for purposes not set out in budget
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| 289(1)
| Reserve funds
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| (2)
| Definition of "financial institution"
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| (3)
| Investment of reserve funds
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| (4)
| Restriction on use of reserve funds
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| DIVISION 3
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| INVESTMENTS
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| 290
| Investment of money
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| 291(1)
| Financial agreements
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| (2)
| Policy for financial agreements
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| (3)
| Changes in the policy must be approved
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| DIVISION 4
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| BORROWING
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| 292
| Definition of "relevant sinking fund account"
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| GENERAL AUTHORITY
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| 293
| Temporary borrowing
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| 294(1)
| Long-term borrowing authority
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| (2)
| Approval of Minister of Finance required
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| (3)
| Details in application
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| (4)
| Consideration by Minister of Finance
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| 295(1)
| Reference to Municipal Board
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| (2)
| Report of Municipal Board
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| 296
| Notification to city
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| 297
| Borrowing must complies with conditions
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| CITY SECURITIES
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| 298(1)
| Powers and duties of chief financial officer re city securities
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| (2)
| Terms and conditions of city securities
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| (3)
| Other powers respecting city securities
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| (4)
| No preferences
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| 299(1)
| Chief financial officer to report
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| (2)
| Payments under city securities
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| (3)
| Application re obligation to levy and raise amounts
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| (4)
| Payments into sinking fund
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| 300(1)
| Policy for variable interest rate securities
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| (2)
| Changes in the policy must be approved
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| 301(1)
| Use of money received
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| (2)
| Money not required
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| (3)
| Reduction of levies etc.
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| (4)
| Full amount recoverable
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| 302
| Refinancing city securities
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| 303(1)
| Consolidating securities by-laws
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| (2)
| Contents of by-law
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| SINKING FUNDS
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| 304(1)
| Limitation on use of sinking funds
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| (2)
| Deficiency in sinking fund
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| 305
| Chief financial officer's duties re sinking funds
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| 306(1)
| Management of sinking funds
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| (2)
| Payments from sinking fund account
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| (3)
| Surpluses in sinking fund account
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| 307(1)
| Establishment of Sinking Fund Committee
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| (2)
| Powers and duties of Sinking Fund Committee
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| (3)
| Chief financial officer may not delegate
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| FOREIGN CURRENCIES
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| 308(1)
| Borrowing in foreign currencies
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| (2)
| Calculation of amount
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| LIABILITY
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| 309(1)
| Restrictions
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| (2)
| Unused borrowing authority may be rescinded
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| 310
| Liability on local improvement securities
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| 311
| Defect in form
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| MISCELLANEOUS
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| 312
| Application of section 86 of Municipal Board Act
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| 313
| Evidence respecting city securities
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| FINANCIAL STATEMENTS
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| 314
| Annual financial statements
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| PART 8
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| ASSESSMENT, TAXATION AND OTHER LEVIES ON PROPERTY
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| 315(1)
| Definitions
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| (2)
| Definitions in Municipal Assessment Act apply
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| DIVISION 1
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| ASSESSMENT
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| BUSINESS ASSESSMENT
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| 316(1)
| Municipal Assessment Act applies
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| (2)
| All businesses to be assessed
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| (3)
| Exception
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| 317
| Specific exemptions
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| 318(1)
| Annual rental value to include cost of services
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| (2)
| Basis of annual rental value
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| (3)
| Determining annual rental value
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| 319(1)
| Subtenants and assessment
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| (2)
| Filling stations
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| (3)
| Gas distribution system
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| LICENCE IN LIEU OF BUSINESS TAX
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| 320(1)
| By-law requiring licence
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| (2)
| Collection of licence in lieu fees
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| MOBILE HOME LICENCES
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| 321(1)
| By-law requiring licence of mobile homes
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| (2)
| No licence for tourists
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| (3)
| Collection of mobile home licence fees
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| ADJUSTMENTS IN BUSINESS TAX
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| 322(1)
| Adjustment of business tax on reassessment
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| (2)
| Limitation on by-law under subsection (1)
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| UTILITY CORPORATIONS' PROPERTY
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| 323(1)
| Utility corporations' property assessments
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| (2)
| Liability of corporation for other tax
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| 324
| Telephone companies
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| ASSESSMENT ROLLS
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| 325(1)
| Completion of assessment rolls
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| (2)
| Form of rolls
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| 326
| Certification of rolls
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| 327
| Defects do not invalidate
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| 328
| Assessment rolls valid and binding
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| REVISION OF ASSESSMENT
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| 329
| Rolls subject to revision
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| 330(1)
| Change in taxes payable
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| (2)
| Change in tax after revision
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| VARYING PORTIONS
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| 331
| Regulations re varying portions
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| DIVISION 2
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| TAXATION
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| LIABILITY FOR TAXES
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| 332(1)
| Liability for real property taxes
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| (2)
| Liability for business tax or fee
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| (3)
| Liability of owner for business tax
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| (4)
| Partnerships
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| (5)
| Joint liability
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| (6)
| Business tax not a charge on real property
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| LIABILITY OF CITY FOR TAXES
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| 333(1)
| Exemption from taxation
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| (2)
| Agreements regarding taxes
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| (3)
| Taxes payable in certain cases
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| IMPOSING TAXES
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| 334(1)
| Fixing property, personal and business tax rates
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| (2)
| Fixing local improvement and frontage tax rates
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| (3)
| By-laws re payment of taxes
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| (4)
| By-law may specify purpose of instalment
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| (5)
| Restriction on discounts
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| (6)
| Application of prepayment
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| 335
| Taxes imposed on January 1
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| TAX ROLLS
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| 336
| Preparation of tax rolls
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| 337(1)
| Tax rolls may be combined
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| (2)
| Tax roll may be combined with assessment roll
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| 338
| Form of rolls
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| 339
| Content of tax roll
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| 340(1)
| Cancellation or reduction of taxes
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| (2)
| Amended tax notice
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| (3)
| Refunds
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| (4)
| Period of refunds
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| 341(1)
| Supplementary taxes
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| (2)
| Rates of supplementary taxes
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| (3)
| Period of supplementary taxes
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| (4)
| Liable for supplementary taxes only while owner
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| 342
| Supplementary tax notice
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| 343(1)
| Validity of tax rolls
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| (2)
| Adjustments to tax rolls
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| TAX NOTICES AND COLLECTION
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| 344(1)
| Issuing tax notices
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| (2)
| Entry of date of notice
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| (3)
| Material with tax notices
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| TAXES RE SUBDIVISIONS
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| 345(1)
| If land in tax arrears subdivided
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| (2)
| If plans of subdivision cancelled
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| TAXES PAID BY MISTAKE
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| 346
| Refund and charging
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| CANCELLATION OF TAXES
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| 347
| Council may cancel taxes
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| PENALTIES AND INTEREST
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| 348(1)
| Council may set penalties
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| (2)
| Collection of penalties
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| (3)
| Penalty applies in spite of appeal
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| 349
| Interest on refunds
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| DIVISION 3
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| COLLECTION OF TAX ARREARS AND DEBTS
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| GENERAL
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| 350
| Payments on tax arrears
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| 351(1)
| Collection remedies
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| (2)
| Debt owing to city
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| (3)
| Evidence of taxes payable
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| 352(1)
| Tax certificate
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| (2)
| Certificate binding
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| LIENS FOR TAXES
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| 353(1)
| Special lien on land and improvements
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| (2)
| Special lien on personal property
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| (3)
| No registration and priority of lien
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| (4)
| No lien on land for business tax etc.
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| (5)
| No lien on goods on consignment or in storage
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| 354(1)
| Priority in bankruptcy
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| (2)
| Personal property of bankrupt liable
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| DISTRAINT AND SALE OF PERSONAL PROPERTY
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| 355
| Sale or distraint for lien under subsection 353(2)
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| 356(1)
| Distress and sale for taxes
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| (2)
| Sale and right of distraint
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| (3)
| Distress and sale to be by tax collector
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| (4)
| Right of entry of person levying distress
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| 357(1)
| Restriction on distraint
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| (2)
| Where subsection (1) not to apply
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| 358(1)
| Persons in possession to pay taxes
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| (2)
| Distraint for real property taxes
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| (3)
| Exception
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| 359
| Acknowledgment
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| 360
| Release not to prejudice city
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| 361
| Limit on liability for distrained property
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| 362(1)
| Sale of distrained goods
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| (2)
| Notice of sale
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| 363(1)
| Proceeds of sale of seized property
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| (2)
| Where person entitled not known
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| 364(1)
| Application to court re seizure
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| (2)
| Order on application
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| MISCELLANEOUS REMEDIES
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| 365
| Assets insufficient to cover taxes
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| 366(1)
| Building not to be removed if taxes unpaid
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| (2)
| Transfer of taxes
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| 367(1)
| Tenant required to pay rent to city
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| (2)
| Effect of payment by tenant
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| 368
| Action by tenant to recover taxes paid
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| 369(1)
| Insurance money applied to taxes
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| (2)
| Limitation on application of subsection (1)
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| (3)
| Application of insurance money
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| (4)
| Insurers to notify tax collector
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| DIVISION 4
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| TAX SALES FOR REAL PROPERTY TAXES
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| 370
| Definitions
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| 371
| Land liable to tax sale
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| 372
| Description of land
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| 373
| Tax arrears list
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| 374
| Preliminary steps to tax sale
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| 375
| Where title vested in Crown
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| 376(1)
| First notice to registered owner
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| (2)
| Second notice to registered owner
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| (3)
| Manner of giving notice
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| 377(1)
| Prior right of city to purchase
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| (2)
| Purchase money not needed
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| 378(1)
| Sale by auction
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| (2)
| Auction may be adjourned
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| (3)
| Where bidder doesn't pay immediately
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| 379
| Restriction on bidders
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| 380
| Return to district registrar
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| 381
| Purchaser to pay all unpaid taxes
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| 382(1)
| Tax sale certificate
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| (2)
| Modified certificate
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| 383(1)
| Statement of payment of balance
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| (2)
| Where balance not paid
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| 384(1)
| Rights of tax purchaser
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| (2)
| Right of city to enter unoccupied real property
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| 385(1)
| Assignment of tax sale certificate
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| (2)
| Rights of assignee
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| (3)
| Tax purchaser may be required to assign
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| (4)
| Priorities of rights
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| (5)
| No requisition to person with prior right
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| (6)
| Application to court
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| REDEMPTION THROUGH CITY
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| 386(1)
| Redeeming by payment to city
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| (2)
| Actions on redemption
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| (3)
| Payment without tax sale certificate
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| 387
| Continuing assessment and taxation
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| 388
| When rights of tax purchaser cease
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| REDEMPTION THROUGH LAND TITLES OFFICE
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| 389
| Return to L.T.O.
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| 390
| Redeeming by payment to district registrar
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| 391(1)
| District registrar's duties
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| (2)
| Money not subject to attachment
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| 392
| Payment by city to tax purchaser
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| REDEMPTION BY INSTALMENTS
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| 393(1)
| Authority for instalments
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| (2)
| Copy of agreement to district registrar
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| (3)
| Agreement not to affect other remedies
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| (4)
| Default under agreement
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| (5)
| Power of city to assign tax sale certificate
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| (6)
| Effect of agreement on tax purchaser
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| TRANSFER OF TITLE
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| 394(1)
| Tax purchaser's application for title
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| (2)
| How application to be treated
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| (3)
| Failure to make application
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| 395(1)
| Notice to interested persons of application for title
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| (2)
| Contents of notice
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| (3)
| Proof of service
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| (4)
| Directions for substitutional service
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| (5)
| Compliance with directions
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| (6)
| Fixing date of service
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| 396
| Persons entitled to redeem
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| 397(1)
| Issue of title
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| (2)
| Validity of title
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| 398(1)
| District registrar not obliged to inquire
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| (2)
| No action against district registrar
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| 399
| Withdrawal by city
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| CHANGING BUILDING RESTRICTION COVENANTS
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| 400(1)
| Effect on building restriction covenants
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| (2)
| Notice of by-law
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| PROCEEDS OF TAX SALE
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| 401(1)
| Surplus proceeds
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| (2)
| Priority of claims to excess
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| (3)
| Proceeds of a tax sale to city
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| (4)
| Excess not paid out
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| SETTING ASIDE TAX SALE
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| 402(1)
| Grounds for setting aside tax sale
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| (2)
| Where sale set aside
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| 403
| Action to set aside tax sale
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| MISCELLANEOUS
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| 404
| Forms and fees for land titles office
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| 405
| Application of Real Property Act
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| DIVISION 5
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| LOCAL AND DISTRICT IMPROVEMENTS
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| 406
| Definitions
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| LOCAL IMPROVEMENTS
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| 407(1)
| Determination of real property benefited
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| (2)
| Different determination for different improvements
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| 408
| Initiation of local improvement
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| 409(1)
| Notice of proposal
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| (2)
| Property not fronting on improvement
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| (3)
| Contents of notice
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| (4)
| When notice and hearing not required
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| 410(1)
| Where city's real property benefited
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| (2)
| Where real property benefited is exempt
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| 411
| Effect of objections
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| 412(1)
| By-law authorizing local improvement
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| (2)
| Calculating local improvement taxes
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| (3)
| Exceptional cases
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| 413(1)
| Appeal in exceptional cases
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| (2)
| Powers on appeal
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| (3)
| Adding real property for local improvement
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| (4)
| Notice to owner
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| 414
| Determining local improvement taxes
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| 415
| Cost borne by city
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| 416
| Effect of subdivisions and other property changes
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| 417
| Improvement in middle of street
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| 418
| Eligible costs
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| 419
| Adjustment for property needed for improvement
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| 420
| Additional charges
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| 421(1)
| Reconstruction of private works
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| (2)
| Costs collected in same manner
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| 422(1)
| Consolidated by-laws
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| (2)
| Provisions of consolidating by-law
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| 423(1)
| Power to defer charges
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| (2)
| Notice of deferment
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| 424
| Commuting charges
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| 425
| Collection of local improvement taxes
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| LOCAL IMPROVEMENT DISTRICTS
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| 426(1)
| Initiation of district proposal
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| (2)
| Contents of district proposal
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| 427
| Referral to committee
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| 428(1)
| Action by council after hearing
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| (2)
| Notice of proposed by-law
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| (3)
| Contents of notice
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| 429
| Effect of objections
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| 430(1)
| District improvements by-laws
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| (2)
| Methods of levying
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| (3)
| Entire cost paid by local improvement taxes
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| 431
| Application of certain provisions
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| DIVISION 6
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| FRONTAGE TAXES
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| 432(1)
| By-laws for frontage taxes
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| (2)
| Uniform rate established
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| (3)
| Application of uniform rate
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| (4)
| How frontage taxes may be used
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| 433
| Collection of frontage taxes
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| DIVISION 7
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| BUSINESS IMPROVEMENT ZONES
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| 434
| Definitions
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| 435
| Purpose of business improvement zone
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| 436(1)
| Establishment of business improvement zones
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| (2)
| Content of by-law establishing a zone
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| 437
| Policies and procedures for zones
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| 438(1)
| Annual budgets must be approved by by-law
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| (2)
| Circumstance where budget may not be approved
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| 439(1)
| Tax in zone
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| (2)
| Collection of charges
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| 440(1)
| Expenditures by boards
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| (2)
| Indebtedness
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| (3)
| Unexpended funds
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| DIVISION 8
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| ELECTRICITY AND GAS TAX
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| 441(1)
| Definitions
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| (2)
| Determination of base load
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| 442(1)
| Tax on electricity and gas
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| (2)
| Exceptions
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| 443(1)
| Due date for payment
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| (2)
| Seller is collector
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| (3)
| Part of cent
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| 444
| Refund of money paid as tax
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| 445
| Recovery of tax from collector
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| 446
| Remedies
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| 447
| Seller not to remit tax to purchaser
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| 448
| Disclosure of tax
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| 449(1)
| Reports and remission of tax by sellers
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| (2)
| Powers for collector
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| (3)
| Estimates if no return by seller
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| (4)
| Compensation to sellers
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| (5)
| Purchaser to assume duties of seller
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| (6)
| Owner of distribution system
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| 450
| Liability for acts of employees
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