Item - 2021.GL22.1
Tracking Status
- City Council adopted this item on May 5, 2021 without amendments.
- This item was considered by the General Government and Licensing Committee on April 26, 2021 and adopted without amendment. It will be considered by City Council on May 5, 2021.
GL22.1 - Largest Property Tax Debtors with Tax Arrears Greater than $500,000 as at December 31, 2020
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
City Council Decision
City Council on May 5 and 6, 2021, adopted the following:
1. City Council direct that Confidential Attachment 4 to the report (April 12, 2021) from the Controller, remain confidential in its entirety.
Confidential Attachment 4 to the report (April 12, 2021) from the Controller, remains confidential in its entirety in accordance with the provisions of the City of Toronto Act, 2006, as it contains personal information about identifiable individuals.
Confidential Attachment - Identifies three (3) properties owned by individuals with tax arrears in excess of $500,000. The Municipal Freedom of Information and Protection of Privacy Act prevents the public disclosure of the information which would identify an individual.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2021/gl/bgrd/backgroundfile-165766.pdf
Attachment 1 - Properties with Tax Arrears Greater than $500,000 Owned by a Corporation as at December 31, 2020
https://www.toronto.ca/legdocs/mmis/2021/gl/bgrd/backgroundfile-165767.pdf
Attachment 2 - Properties Removed from the Largest Debtor List since Last Report
https://www.toronto.ca/legdocs/mmis/2021/gl/bgrd/backgroundfile-165768.pdf
Attachment 3 - Summary of Outstanding Tax Receivables as at December 31, 2020 (unaudited) Compared to December 31 Tax Receivables for Years 2015 - 2019
https://www.toronto.ca/legdocs/mmis/2021/gl/bgrd/backgroundfile-165769.pdf
Confidential Attachment 4
Motions (City Council)
GL22.1 - Largest Property Tax Debtors with Tax Arrears Greater than $500,000 as at December 31, 2020
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Confidential Attachment - Identifies three (3) properties owned by individuals with tax arrears in excess of $500,000. The Municipal Freedom of Information and Protection of Privacy Act prevents the public disclosure of the information which would identify an individual.
Committee Recommendations
The General Government and Licensing Committee recommends that:
1. City Council direct that Confidential Attachment 4 to the report (April 12, 2021) from the Controller, remain confidential in its entirety.
Origin
Summary
This report provides information on property tax accounts with outstanding receivables of $500,000 or more as of December 31, 2020, and reports on the total outstanding tax receivables as at December 31, 2020. The number of properties with outstanding receivable balances of $500,000 or more is 31, as compared to 21 reported as of June 30, 2020.
Background Information
https://www.toronto.ca/legdocs/mmis/2021/gl/bgrd/backgroundfile-165766.pdf
Attachment 1 - Properties with Tax Arrears Greater than $500,000 Owned by a Corporation as at December 31, 2020
https://www.toronto.ca/legdocs/mmis/2021/gl/bgrd/backgroundfile-165767.pdf
Attachment 2 - Properties Removed from the Largest Debtor List since Last Report
https://www.toronto.ca/legdocs/mmis/2021/gl/bgrd/backgroundfile-165768.pdf
Attachment 3 - Summary of Outstanding Tax Receivables as at December 31, 2020 (unaudited) Compared to December 31 Tax Receivables for Years 2015 - 2019
https://www.toronto.ca/legdocs/mmis/2021/gl/bgrd/backgroundfile-165769.pdf
Confidential Attachment 4