Bill 24 explained in plain English

Establishes standard rules for how the assessment corporation can provide notices, including by electronic means, and expands the Minister's ability to prescribe purposes for which information can be shared and to regulate its disclosure.

Source: SCHEDULE 1

Removes the City of Toronto's power to designate, operate, or maintain a highway as a toll highway and repeals a related regulation-making power. It also prohibits the City from taxing individuals for permits for certain motor vehicles.

Source: SCHEDULE 2

Prohibits municipalities from designating, operating, or maintaining a highway as a toll highway.

Source: SCHEDULE 13

Grants the Canadian Investment Regulatory Organization (CIRO) Chief Executive Officer the power to appoint employees to conduct investigations, confers investigative powers, and establishes confidentiality rules. It also increases the maximum court fines for contravening Ontario commodity futures law from $5 million to $10 million, and for administrative penalties from $1 million to $5 million per failure to comply.

Source: SCHEDULE 3

Expands the methods by which the Minister may send notices of assessment, including electronically.

Source: SCHEDULE 4

Includes bond forward agreements as a type of investment that the Minister of Finance is permitted to engage in.

Source: SCHEDULE 5

Amends the definition of 'fuel' to exclude propane from taxation under this Act, sets a new tax rate for clear fuel, and repeals spent provisions.

Source: SCHEDULE 6

Eliminates the taxation of propane under this Act starting July 1, 2025, sets new tax rates for gasoline and leaded gasoline, and makes technical amendments.

Source: SCHEDULE 7

This Act is repealed.

Source: SCHEDULE 8

Requires the Minister to restore certain lanes in Toronto for motor vehicle traffic by reconfiguring bicycle lanes, and allows the Lieutenant Governor in Council to order the restoration of lanes. It also introduces new provisions for automated camera enforcement systems, including rules on contract payments, data sharing, public disclosure of camera locations, and signage requirements. It also adds regulation-making powers related to community safety zones.

Source: SCHEDULE 9

Allows the Lieutenant Governor in Council to make regulations regarding the application of the Provincial Parks and Conservation Reserves Act, 2006 to historical parks. It also establishes a 'Historical Parks Account' in the Public Accounts for revenues and expenditures related to historical parks.

Source: SCHEDULE 10

Reduces the basic tax rate for beer manufactured by microbrewers, introduces a transitional rule for beer sold after August 1, 2025, and modifies the definition and limits for qualifying as a microbrewer for sales years beginning on or after March 2, 2026. It also changes the basic tax rate for spirits sold from a distillery retail store and provides for alternate tax rates for alcohol refreshment beverages.

Source: SCHEDULE 11

Designates former members of the Executive Council as Honorary Members of the Executive Council and permits them to use specific honorifics and titles, with exceptions for those convicted of certain offences.

Source: SCHEDULE 12

Adds a definition for 'specified property' and clarifies that only the specified property occupied and used solely by the organization is exempt from taxes. It also allows retroactive by-laws for tax exemptions.

Source: SCHEDULE 14

Requires all by-laws, not just financial ones, to have ministerial approval to take effect. It also amends provisions regarding the payment of the Corporation's net profits into the Consolidated Revenue Fund, allowing the Minister to issue directions on profit determination and payment procedures.

Source: SCHEDULE 15

Authorizes the Lieutenant Governor in Council to borrow up to $27 billion to discharge indebtedness or obligations of Ontario or to make payments from the Consolidated Revenue Fund, with borrowing authority expiring at the end of 2027 and an expiry for actual borrowing at the end of 2028.

Source: SCHEDULE 16

Grants the Canadian Investment Regulatory Organization (CIRO) Chief Executive Officer the power to appoint employees to conduct investigations, confers investigative powers, and establishes confidentiality rules. It also increases the maximum court fines for contravening Ontario securities law from $5 million to $10 million, and for administrative penalties from $1 million to $5 million per failure to comply.

Source: SCHEDULE 17

Introduces the Ontario fertility treatment tax credit, which is refundable and applies for taxation years ending after December 31, 2024, allowing a credit of 25% of eligible expenses up to $20,000. It also introduces rules for repaying the Ontario made manufacturing investment tax credit if the property is disposed of or its use changes. Amendments are made to the small beer manufacturers' tax credit, including changes to eligibility criteria and credit calculation formulas for different sales periods.

Source: SCHEDULE 18

Increases fines for certain offences related to tobacco tax, including base amounts and maximum additional fines. New provisions establish specific offences and penalties for possessing or dealing with large quantities of cigars or other tobacco products, including in transit. It also introduces penalties for contravening provisions related to wholesale purchasing and resale.

Source: SCHEDULE 19

Changes a reference within this Act to the Liquor Tax Act, 1996.

Source: SCHEDULE 11

Provides that regulations made under the Highway Traffic Act regarding automated speed enforcement systems prevail over conflicting provisions in this Act.

Source: SCHEDULE 9

The application of provisions of this Act to historical parks can be prescribed, clarified, or exempted through regulations made under the Historical Parks Act.

Source: SCHEDULE 10