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B.C. Reg. 87/2021
Victoria Regional Transit Commission
Deposited March 18, 2021
effective March 31, 2021
This consolidation is current to April 20, 2021.
Link to consolidated regulation (PDF)

British Columbia Transit Act

Victoria Regional Transit Commission
Regulation No. 42-2021

Land and improvements

1   In this regulation, "land and improvements" does not include land and improvements that are taxable for school purposes only by special Act.

Prescribed tax

2   (1) For the purposes of section 15 (2) (b) of the British Columbia Transit Act, prescribed tax rates for the fiscal year starting on April 1, 2021 are

(a) $0.1794 per $1 000 of the net taxable value of land and improvements of property in classes 1, 3, 8 and 9, and

(b) $0.9688 per $1 000 of the net taxable value of land and improvements of property in classes 2, 4, 5, 6 and 7.

(2) The references to classes of property in subsection (1) are to the classes of property under the Prescribed Classes of Property Regulation.

[Provisions relevant to the enactment of this regulation: British Columbia Transit Act, R.S.B.C. 1996, c. 38, s. 15.]