Item - 2018.EX33.13
Tracking Status
- City Council adopted this item on April 24, 2018 without amendments and without debate.
- This item was considered by Executive Committee on April 17, 2018 and was adopted with amendments. It will be considered by City Council on April 24, 2018.
EX33.13 - Acreage and Tonnage Taxation Systems for Railway Rights-of-Way
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on April 24, 25, 26 and 27, 2018, adopted the following:
1. City Council request the Treasurer to continue to work with the Ministry of Finance and other municipalities to explore the implementation of a taxation formula that incorporates both acreage and tonnage based rates resulting in a taxation rate that is greater than the current annual taxes.
2. City Council request the Treasurer to enter into discussions with the Railway Association of Canada and Railway Companies to explore the implementation of an acreage and tonnage based taxation formula and to report back to the Executive Committee in the first quarter of 2019.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-113797.pdf
Attachment 1 - Letter from the Railway Association of Canada dated February 23, 2018
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-113798.pdf
EX33.13 - Acreage and Tonnage Taxation Systems for Railway Rights-of-Way
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
Committee Recommendations
The Executive Committee recommends that:
1. City Council request the Treasurer to continue to work with Ministry of Finance and other municipalities to explore the implementation of a taxation formula that incorporates both acreage and tonnage based rates resulting in a taxation rate that is greater than the current annual taxes.
2. City Council request the Treasurer to enter into discussions with the Railway Association of Canada and Railway Companies to explore the implementation of an acreage and tonnage based taxation formula and to report back to the Executive Committee in the first quarter of 2019.
Origin
Summary
This report provides information related to the property taxation of railway rights-of-way using the acreage and tonnage systems and the financial implications for the City of Toronto if Ontario were to switch to a taxation system based on tonnage.
Background Information
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-113797.pdf
Attachment 1 - Letter from the Railway Association of Canada dated February 23, 2018
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-113798.pdf
Motions
That:
1. City Council request the Treasurer to continue to work with Ministry of Finance and other municipalities to explore the implementation of a taxation formula that incorporates both acreage and tonnage based rates resulting in a taxation rate that is greater than the current annual taxes.
2. City Council request the Treasurer to enter into discussions with the Railway Association of Canada and Railway Companies to explore the implementation of an acreage and tonnage based taxation formula and to report back to the Executive Committee in the first quarter of 2019.