2 (1) Subject to subsection (5), every corporation resident in Canada that has a permanent establishment in Ontario at any time in a taxation year shall pay to Her Majesty in right of Ontario the taxes for the taxation year imposed by this Act at the time and in the manner required by this Act.  2005, c. 28, Sched. D, s. 2 (1); 2007, c. 11, Sched. B, s. 2 (1). Taxes payable, non-resident corporation (2) Subject to subsection (5), every non-resident corporation shall pay to Her Majesty in right of Ontario the taxes for a taxation year imposed by this Act at the time and in the manner required by this Act if, at any time in the taxation year or in a previous taxation year, (a) the corporation had a permanent establishment in Ontario within the meaning of section 4; (b) the corporation owned real property, timber resource property or a timber limit in Ontario and the corporation’s income from the property or timber limit, (i) arose from the sale or rental of the property or timber limit, or (ii) is a royalty or timber royalty; or (c) the corporation disposed of property, (i) that would be taxable Canadian property as defined in subsection 248 (1) of the Income Tax Act
(Canada) if the reference in that definition to section 2 of that Act were read as a reference to this section, and (ii) that is deemed under the regulations to be situated in Ontario.  2005, c. 28, Sched. D, s. 2 (1); 2007, c. 11, Sched. B, s. 2 (2). Tax in respect of a benefit plan (2.1) Every person who is a member or planholder of a benefit plan within the meaning of section 74.2 is liable to a tax in the amount determined under section 74.2, payable at the time and in the manner provided in that section to Her Majesty in right of Ontario.  1996, c. 1, Sched. B, s. 2; 2004, c. 16, s. 2 (2). Tax in respect of insurance contract with unlicensed insurer (2.2) Every insured person within the meaning of section 74.3 who enters into an insurance contract, as defined in that section, with an insurer that is not licensed under the Insurance Act is liable to a tax in the amount determined under that section, payable at the time and in the manner provided in that section to Her Majesty in right of Ontario.  1997, c. 43, Sched. A, s. 2; 2004, c. 16, s. 2 (2). Tax on insurance exchange (2.3) Every insurance exchange within the meaning of section 74.4 is liable to a tax in the amount determined under that section, payable at the time and in the manner provided in that section to Her Majesty in right of Ontario.  1997, c. 43, Sched. A, s. 2; 2004, c. 16, s. 2 (2). Interpretation (3) For the purposes of subsection (2), a corporation “owned real property, timber resource property or a timber limit” if it had a legal, equitable or beneficial interest in the real property, timber resource property or timber limit.  R.S.O. 1990, c. C.40, s. 2 (3); 2004, c. 16, s. 2 (2). Application of subss. (1) and (2) (4) Subsections (1) and (2) apply to corporations for taxation years ending after May 11, 2005 and subsections (1) and (2) as they read before that day continue to apply to corporations for taxation years ending on or before that day.  2005, c. 28, Sched. D, s. 2 (2). Taxation years ending after 2008 (5) No corporation is liable for taxes under this Act for a taxation year ending after December 31, 2008 other than the taxes imposed by section 74 and subsections (2.1), (2.2) and (2.3).  2007, c. 11, Sched. B, s. 2 (3). Section Amendments with date in force (d/m/y) 1996, c. 1, Sched. B, s. 2 - 01/07/1993; 1997, c. 43, Sched. A, s. 2 - 01/01/1998 2004, c. 16, s. 2 (2)
- 01/01/2004 2005, c. 28, Sched. D, s. 2 (1, 2) - 11/05/2005 2007, c. 11, Sched. B, s. 2 (1-3) - 04/06/2007