PART IX FINANCE
Property taxable for school purposes
257.6 (1) The following is taxable for school purposes: 1.  Except as otherwise provided under this or any other Act, real property that is liable to assessment and taxation under the Assessment Act. 2.  Real property that would have been liable to assessment and taxation under the Assessment Act if it had not vested in the Crown in right of Ontario because of an escheat or forfeiture as a result of the dissolution of a corporation, for the period that begins on the day on which the real property is escheated or forfeited and that ends on the day a notice is registered on title to the real property under section 24 of the Forfeited Corporate Property Act, 2015, indicating that the Crown intends to use the property for Crown purposes. 3. Real property that would have been liable to assessment and taxation under the Assessment Act if it did not belong to the Crown in right of Ontario as a result of the death of an individual who did not have any lawful heirs, for the period that begins on the day on which the real property becomes the property of the Crown and that ends on the day a notice is registered on title to the real property indicating that the Crown intends to use the property for Crown purposes. 2017, c. 10, Sched. 4, s. 3 (4). Transition (1.1) If real property described in paragraph 2 of subsection (1) is vested in the Crown in right of Ontario before subsection 3 (4) of Schedule 4 to the Modernizing Ontario’s Municipal Legislation Act, 2017 comes into force, subsection (1), as re-enacted by subsection 3 (4) of Schedule 4 to the Modernizing Ontario’s Municipal Legislation Act, 2017, applies in respect of that real property as if it had been in force on the day the real property became vested in the Crown. 2017, c. 10, Sched. 4, s. 3 (4). Same (1.2) If real property described in paragraph 3 of subsection (1) became the property of the Crown in right of Ontario before subsection 3 (4) of Schedule 4 to the Modernizing Ontario’s Municipal Legislation Act, 2017 comes into force, subsection (1), as re-enacted by subsection 3 (4) of Schedule 4 to the Modernizing Ontario’s Municipal Legislation Act, 2017, applies in respect of that real property as if it had been in force on the day the real property became the property of the Crown. 2017, c. 10, Sched. 4, s. 3 (4). Exemptions (2) Subject to subsection (3), an exemption under this or any other Act that applied in relation to taxes for school purposes immediately before this Division came into force applies in relation to taxes for school purposes under this Division.  1997, c. 31, s. 113 (2). Same (3) Where a private Act gives a board or an old board a power of decision or approval in relation to an exemption from taxes for school purposes, the power shall be exercised by the Minister of Finance instead of the board.  1997, c. 31, s. 113 (2). Same (4) An eligible theatre in the City of Toronto is exempt from taxes for school purposes.  1997, c. 31, s. 113 (2); 2006, c. 32, Sched. C, s. 15 (11). Regulations (5) The Minister of Finance may make regulations defining eligible theatre for the purposes of subsection (4).  1997, c. 31, s. 113 (2). Exemption, eligible convention centres (6) An eligible convention centre is exempt from taxes for school purposes.  2000, c. 25, s. 45 (5). Regulations (7) The Minister of Finance may make regulations prescribing eligible convention centres for the purposes of subsection (6).  2000, c. 25, s. 45 (5). Exemption, non-profit hospital service corporations (8) Real property in territory without municipal organization occupied by a non-profit hospital service corporation that is used chiefly by the corporation for providing laundry or food services or both is exempt from taxes for school purposes.  2006, c. 33, Sched. Z.3, s. 8 (9). Same (9) In subsection (8), “non-profit hospital service corporation” means a corporation without share capital that provides laundry or food services to one or more public hospitals, as defined in the Public Hospitals Act.  2006, c. 33, Sched. Z.3, s. 8 (9). Section Amendments with date in force (d/m/y) 1997, c. 31, s. 113 (2) - 01/01/1998 2000, c. 25, s. 45 (5)
- 01/01/2001 2006, c. 32, Sched. C, s. 15 (11) - 01/01/2007; 2006, c. 33, Sched. Z.3, s. 8 (9) - 01/01/2009 2017, c. 10, Sched. 4, s. 3 (4) - 30/05/2017