Plan to Build Act (Budget Measures), 2022 , S.O. 2022, c. 17 - Bill 2

• Jurisdiction: Ontario
• Date: 08 September 2022
• Bill Number: 2

EXPLANATORY NOTE

This Explanatory Note was written as a reader’s aid to Bill 2 and does not form part of the law. Bill 2 has been enacted as Chapter 17 of the Statutes of Ontario, 2022.

SCHEDULE 1
CITY OF TORONTO ACT, 2006

The City of Toronto Act, 2006 is amended to provide that the TTC may enter into an agreement with a municipality or local board authorizing the municipality or local board to operate, maintain or both operate and maintain part of a local passenger transportation system within the City.

SCHEDULE 2
INSURANCE ACT

New section 101.3 of the Insurance Act requires insurers to provide the Chief Executive Officer or an agency designated by the Chief Executive Officer with certain information about automobile insurance fraud for the purpose of assessing and detecting automobile insurance fraud. The Act is also amended to provide for related rules to be made by the Authority.

Technical amendments are made to the French versions of sections 101.1 and 101.2 of the Act.

SCHEDULE 3
ONTARIO CAPITAL GROWTH CORPORATION ACT, 2008

The Ontario Capital Growth Corporation Act, 2008 is amended to change the name of the Corporation to Venture Ontario in English and Croissance Ontario in French.

SCHEDULE 4
ONTARIO LOAN ACT, 2022

The Ontario Loan Act, 2022 is enacted. Subsection 1 (1) of the Act authorizes the Crown to borrow a maximum of $24.2 billion.

SCHEDULE 5
TAXATION ACT, 2007

Section 21.1 of the Taxation Act, 2007 currently provides for the low-income individuals and families tax credit. The credit currently allows an eligible individual to deduct up to $850 from their tax payable for a taxation year. Amendments are made to the credit for taxation years ending after December 31, 2021, which would, among other things, allow eligible individuals to deduct up to $875 from their tax payable for the year.

Clause 95 (15) (f) of the Act currently provides that the Ontario book publishing tax credit cannot be claimed with respect to the publishing of a literary work if the literary work is published in an edition of less than 500 copies of a bound book. The clause, which currently does not apply to literary works published in 2020 or 2021, is amended to provide that it only applies to literary works published before 2020.

Subsection 97.1 (4.1) of the Act currently defines special expenditures for the purposes of the regional opportunities investment tax credit as eligible expenditures in respect of property that is considered to have become available for use during the period that commences on March 24, 2021 and ends on December 31, 2022. The subsection is amended to provide that the period ends on December 31, 2023.

New section 103.0.6 of the Act provides the Ontario seniors care at home tax credit. The credit is refundable and is available to eligible individuals in respect of a taxation year that ends after December 31, 2021. An eligible individual’s tax credit for a taxation year cannot exceed $1,500 and is calculated based on the amount of tax credit for medical expenses that the individual deducted under the Act for the year. Consequential amendments are made to sections 84 and 176 of the Act.

SCHEDULE 6
WORKPLACE SAFETY AND INSURANCE ACT, 1997

Subsection 165 (1) of the Workplace Safety and Insurance Act, 1997, which requires that the main offices of the Workplace Safety and Insurance Board be in the City of Toronto, is repealed.

chapter 17

An Act to implement Budget measures and to enact and amend various statutes

Assented to September 8, 2022

CONTENTS

Her Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Ontario, enacts as follows:

Contents of this Act

1 This Act consists of this section, sections 2 and 3 and the Schedules to this Act.

Commencement

2 (1) Except as otherwise provided in this section, this Act comes into force on the day it receives Royal Assent.

(2) The Schedules to this Act come into force as provided in each Schedule.

(3) If a Schedule to this Act provides that any of its provisions are to come into force on a day to be named by proclamation of the Lieutenant Governor, a proclamation may apply to one or more of those provisions, and proclamations may be issued at different times with respect to any of those provisions.

Short title

3 The short title of this Act is the Plan to Build Act (Budget Measures), 2022.

SCHEDULE 1
CITY OF TORONTO ACT, 2006

1 Section 395 of the City of Toronto Act, 2006 is amended by adding the following subsections:

Agreements with municipality or local board

(5) Despite subsection (1), the TTC may enter into an agreement with a municipality or local board authorizing the municipality or local board to operate, maintain or both operate and maintain, within the City, part of the municipality or local board’s local passenger transportation system on the conditions specified in the agreement.

Same

(6) Where an agreement is made pursuant to subsection (5) for the purpose of integrating the services of the local passenger transportation system with those of the system operated by the TTC, the agreement is not a sale or transfer or deemed sale or transfer of the operation or part of the operation of the TTC under the Labour Relations Act, 1995, and does not constitute contracting out for the purposes of a collective agreement to which the TTC is a party.

Commencement

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