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


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