Grants-in-lieu of taxes

1 definition found for this term.
Definitions are presented in the order source books were published (most recent first).


Discretionary payments made to a municipal government to compensate for services provided, even though there is no power, for constitutional reasons or otherwise, allowing the municipality to impose a tax; thus the federal government has adopted a Payments in Lieu of Taxes Act, RSC 1985, c M-13.

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