Acts and Regulations

2012-15 - Property Tax Deferral Program for Seniors

Full text
Base year
6(1)Subject to subsection (2), for the purposes of subsection 5.02(6) of the Act, the base year is the most recent of the following years:
(a) the year 2011 if the owner is at least 65 years of age in the year 2012;
(b) the year immediately preceding the year the owner reaches 65 years of age if he or she is not at least 65 years of age in the year 2012; and
(c) the year the owner acquired the particular real property.
6(2)If section 5 applies, the base year is the most recent of the following years:
(a) the year 2011 if the owner’s spouse or common-law partner is at least 65 years of age in the year 2012;
(b) the year immediately preceding the year the owner’s spouse or common-law partner reaches 65 years of age if he or she is not at least 65 years of age in the year 2012; and
(c) the year the owner acquired the particular real property.