24 Provincial Payments In Relation To Treaty First Nation Grants

• 24 (1) This section applies in relation to a treaty first nation for a taxation year in which the treaty first nation provides to persons resident within treaty lands a grant in place of a grant under the Home Owner Grant Act.
• (2) In this section:
• “eligible grant amount” means the lesser of the following:

• (a) the total of all amounts each of which is an amount of a grant that a person resident on the treaty lands would have been entitled to apply for and receive under the Home Owner Grant Act had that person’s interest in land and improvements within the treaty lands been subject to taxation under the School Act;
• (b) the total of all amounts each of which is an amount of a grant that the treaty first nation provides to a person resident within treaty lands in place of a grant under the Home Owner Grant Act;

• “school tax amount” means the total of all amounts each of which is an amount of taxes that would have been payable by the person resident on the treaty lands under the School Act had that person’s interest in land and improvements within the treaty lands been subject to taxation under the School Act.
• (3) In accordance with the real property tax agreement of a treaty first nation, the minister charged with the administration of the Financial Administration Act may pay, out of the consolidated revenue fund, to the treaty first nation for a taxation year the amount, if any, by which the eligible grant amount exceeds the school tax amount.

2024-13-267.