An Act respecting The Corporation of Massey Hall and Roy Thomson Hall — Private Bill PR39 (41st Parliament, 1st Session)

Bill PR39, 41-1

Ontario — Bills

1ST SESSION, 41ST LEGISLATURE, ONTARIO ELIZABETH II, 2016 Bill Pr39 (Chapter Pr7 Statutes of Ontario, 2016)

An Act respecting The Corporation of Massey Hall and Roy Thomson Hall Mr. H. Dong 1st Reading March 22, 2016 2nd Reading 3rd Reading Royal Assent June 8, 2016 June 8, 2016 June 9, 2016 Printed by the Legislative Assembly of Ontario Bill Pr39

An Act respecting The Corporation of Massey Hall and Roy Thomson Hall

Preamble The board of g overnors of The Corporation of Massey Hall and Roy Thomson Hall has applied for special legi s- lation that provides for an exemption from taxa tion for municipal and school purposes, other than local i m- provement rates, for certain properties while the Corpora- tion occupies and uses the properties. The exemption applies to certain land starting in 2016.

The special legislation also provides for a cancellation of taxes for municipal and school purposes, other than local improvement rates, that were payable on the land for part of and and for any year or part of a year to which the exemption applies and for which taxe s have been levied. The exemption from taxes also applies to a condominium unit that is owned by the Corporation , in proportion to the Corporation’s ownership interest . A cancellation of taxes is also provided for in respect of that portion for any year or part of a year to whi ch the exemption applies and for which taxes have been levied.

The applicant represents that the Corporation was incor- porated by The Trustees of Massey Hall Act, 1952 and continued by the Massey Hall and Roy Thomson Hall Act, 1983. The Act continued a tax exemption previously granted to the Corporation in respect of the land described in that Act. The a pplicant represents that it has acquired additional land in which it has a freehold interest, and that it will acquire a condominium unit in which i t will have a free- hold interest by itself or as a tenant in common.

The a p- plicant further represents that it is a registered charity within the meaning of the Income Tax Act (Canada). It is appropriate to grant the application. Therefore, Her Majesty, by and w ith the advice and co n- sent of the Legislative Assembly of the Province of O n- tario, enacts as follows:

Definitions 1. In this Act, “Corporation” means The Corporation of Massey Hall and Roy Thomson Hall; “specified condominium unit ” means the condominium unit described in

Schedule 2; “specified land” means the land, as defined in th e Assess- ment Act, described in

Schedule 1. Tax exemption and cancellation, specified land Municipal tax exemption by-law 2.

(1) The council of the City of Toronto may pass a by-law exempting the specified land from taxation for municipal purposes, other than local improvement rates, including interest and penalties, beginning January 1, 2016, if, (

a) the Corporation is the registered owner of the spec- ified land; (

b) the spe cified land is occupied and used solely by the Corporation; and (

c) the Corporation is a registered charity within the meaning of the Income Tax Act (Canada). Municipal tax cancellation by-law

(2) If the council of the City of Toronto passes a by - law under subsection (1), it may pass a by -law cancelling the taxes for municipal purposes, other than local i m- provement rates, including interest and penalties, on the specified land, (

a) for the period from July 11, 2014 to December 31, 2014; (

b) for the year 2015; and (

c) for any year or part of a year to which the exem p- tion applies and for which taxes have been levied. School tax exemption

(3) If the council of the City of Toronto passes a by - law under subsection (1), the specified land is also exempt from taxation for school purposes for the same period for which it is exempt from taxation for municipal purposes , other than local improvement rates, under the by-law. School tax cancellation

(4) If the council of the City of Toronto passes a by - law under subsection (2), the taxes for school purposes on the specified land, including interest and penalties, are also cancelled for the same period for which the taxes for municipal purposes , other than local improvement rates, are cancelled under the by-law. Non-exempt portion

(5) For greater certainty, if any portion of the specified land is occupied and used by an entity other than the Cor- poration, that portion of the specified land so occupied and used is not exempt from taxation under a by- law CORPORATION OF MASSEY HALL AND ROY THOMSON HALL ACT (TAX RELIEF), 2016 passed under subsection (1), and an exemption from tax a- tion for school purpose under subsection (3) and a cancel- lation of taxes for municipal or school purposes under subsection (2) or (4) does not apply to that portion. Chargeback

(6) Section 318 (taxes collected on behalf of other bod- ies) of the City of Toronto Act, 2006 applies to taxes can- celled by subsection (4). Tax exemption and cancellation, specified condominium unit Municipal tax exemption by-law 3.

(1) The council of the City of Toronto may pass a by-law exempting the specified condominium unit, in proportion to the Corporation’s ownership interest in it, from taxation for municipal purposes , other than local improvement rates , including interest and penalties, b e- ginning on the date specified under subsection (2), if, (

a) the specified condominium unit is owned by the Corporation itself or as a tenant in common; (

b) the specified condominium unit is occupied and used by the Corporation i tself or as a tenant in common; (

c) the Corporation is a registered charity within the meaning of the Income Tax Act (Canada); and (

d) the specified condominium unit is used exclusively for the purpose of collecting, storing, transferring and disposing of garbage. Date of exemption

(2) The date on which the tax e xemption described in subsection (1) begins is the date on which ownership of the specified condominium unit is transferred to the Co r- poration itself or as a tenant in common. Municipal tax cancellation by-law

(3) If the council of the City of Toronto pa sses a by - law under subsection (1), it may pass a by-law cancelling the taxes for municipal purposes, other than local i m- provement rates, including interest and penalties, applic a- ble to the specified condominium unit , in proportion to the Corporation’s own ership interest in it, for any year or part of a year to which the exemption applies and for which taxes have been levied. School tax exemption

(4) If the council of the City of Toronto passes a by - law under subsection (1), the specified condominium unit is also exempt , in proportion to the Corporation’s owne r- ship interest in it, from taxes for school purposes, for the same period for which it is exempt from taxation for m u- nicipal purposes, other than local improvement rates, un- der the by-law. School tax cancellation

(5) If the council of the City of Toronto passes a by - law under subsection (3) , the taxes for school purposes applicable to the specified condominium unit , including interest and penalties, are also cancelled, in proportion to the Corporation’s ownership interest in the specified co n- dominium unit, for the same period for which t he taxes for municipal purposes, other than local improvement rates, are cancelled under the by-law. Chargeback

(6) Section 318 (taxes collected on behalf of other bod- ies) of the City of Toronto Act, 2006 applies to taxes can- celled by subsection (5). Commencement 4. This Act comes into force on the day it receives Royal Assent.

Short title 5. The

short title of this Act is the Corporation of Massey Hall and Roy T homson Hall Act (Tax Relief), 2016.

SCHEDULE Part of Park Lot 8, Concession From the Bay and part of Lots and on W/S Victoria Street, Plan 22A, designated as Parts to 9, 39, 43 to and to 56 (all inclusive) on Plan 66R -27069; City of Toronto, being part of PIN 21098-0249 (LT).

SCHEDULE A condominium unit being a proposed unit in the cond o- minium to be located on the lands located at Yonge Street, Toronto, Ontario, to be transferred to The Corpor a- tion of Massey Hall and Roy Thomson Hall itself or as a tenant in common , upon the later of the substantial co m- pletion date of the condominium or a date fixed by the vendor, which will be at least 20 days after the vendor’s solicitor notifies the purchasers of registration of the co n- dominium corporation.

Document details

Collection	Ontario — Bills
Citation	Bill PR39, 41-1
Type	bill
Volume / chapter	p41 s1 bill pr39 bill text 41 1 en pr039ra.pdf
Language	en
Format	json
Source	PROVINCIAL
Identifier	c73dc9b97ac840c1a60c25a6e0121fb12ba5d18b

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