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RSNL1990 CHAPTER C-40

CROWN CORPORATIONS LOCAL
TAXATION ACT

Amended:

CHAPTER C-40

AN ACT RESPECTING THE PAYMENT OF LOCAL TAXATION BY CROWN CORPORATIONS

Analysis



Short title

        1. This Act may be cited as the Crown Corporations Local Taxation Act.

RSN1970 c69 s1

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Definitions

        2. In this Act

             (a)  "Crown corporation" means a corporation in which not less than 90% of all of the issued common shares are owned by the Crown; and

             (b)  "local taxation" means taxation imposed under an Act or law of the province for the benefit of a city, a municipality, local schools, or a municipal area.

RSN1970 c69 s2

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Exemption from local taxation

        3. Notwithstanding anything to the contrary contained in another Act, while a corporation is a Crown corporation

             (a)  it shall, unless the Lieutenant-Governor in Council otherwise directs, be exempt, as to the corporation and as to its property, from local taxation; and

             (b)  a claim, demand, action, suit or a proceeding in law shall not be made or taken against it for the recovery of local taxation imposed on it in respect of a period before it became a Crown corporation.

RSN1970 c69 s3

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Order to pay taxes

        4. (1) The Lieutenant-Governor in Council may by order direct that this Act no longer applies to a Crown corporation and where an order is made under this section, the Crown corporation to which the order applies shall pay all money payable as a result of the order.

             (2)  An order made under subsection (1) has effect from the date of the order or from the date that may be stated in the order.

1973 No12 s2