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Brief
The Payments in Lieu of Taxes Regulations, made under the Payments in Lieu of Taxes Act, were brought into force on December 18, 1980. The regulations aim to provide exemptions from real property taxes and frontage or area taxes for certain federal properties and entities.
These regulations define "federal property" and list various classes of real property and immovables owned by Her Majesty in right of Canada that are exempt from taxation. These include leased properties occupied by employees, members of the Canadian Forces, and officials of visiting forces, as well as properties related to international organizations and diplomatic missions.
The regulations also add new entities to Schedule I and III of the Act, which list corporations and other entities that are exempt from real property tax. Additionally, Schedule IV is amended to include a new corporation.
These changes aim to support federal institutions and activities by providing exemptions from taxation on certain properties and entities. The regulations reflect the intent of the Payments in Lieu of Taxes Act to provide relief from real property taxes for specific federal purposes.
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