Item - 2020.CC20.4

City Council on April 30, 2020, adopted the following:

1. City Council adopt the 2020 tax rates for school purposes, as shown in Column II, which will raise an education tax levy on rateable properties for 2020 of $2,273,085,976 in accordance with provincial regulation O.Reg. 400/98 as amended, prescribing such rates for the City of Toronto, of which $4,612,130 is to be retained by the City pursuant to Ontario Regulation 121/07: 

2. City Council adopt the reductions in tax decreases for the 2020 taxation year on properties in the commercial, industrial and multi-residential property classes by the percentage of the tax decrease set out in Column II in order to recover the revenues foregone as a result of capping, and to allow the decrease percentages set out in Column III: 

3. City Council amend City of Toronto By-law 1673-2019 (2020 Interim Tax Levy), to revise the existing interim bill payment due dates as set out below for each of property tax accounts on the eleven (11) instalment pre-authorized tax payment plan, the regular instalment option, and the six (6) instalment pre-authorized tax payment plan: 

4. For the purpose of spreading out as nearly equally as practical the various instalment due dates (including combining portions of the interim levy and the final tax levy for the eleven instalment pre-authorized tax payment plan as set out in Part 3 above), City Council amend City of Toronto By-law 205-2020 (Tax Levy By-law for 2020) to revise the existing final bill payment due dates as set out below for each of property tax accounts on the eleven (11) instalment pre-authorized tax payment plan, on the regular instalment option, on the six (6) instalment pre-authorized tax payment plan and on the two (2) instalment pre-authorized tax payment plan:

5. City Council amend City of Toronto Municipal Code Chapter 767, Taxation, Property Tax, section 767-7 Penalties and Interest to suspend the application of penalties and interest under this section during the period between March 16, 2020 and May 15, 2020, to reflect a 60-day grace period on the payment of property taxes as implemented by the Mayor's Economic Support and Recovery Task Force related to the COVIC-19 pandemic.

6. City Council amend the City of Toronto Municipal Code Chapter 767, Taxation, Property Tax, Chapter 844 Waste Collection, Residential Properties, and Chapter 849, Water and Sewage Services and Utility Bill to change the August 31 application deadline for the Tax Deferral and Tax Cancellation for Low-Income Persons program, the Single family residential low income relief program, and the Water rebate for eligible low-income disabled persons and low-income seniors program respectively to October 30, 2020 as the new deadline for the 2020 tax year.

7. City Council authorize the introduction of the necessary Bills in Council to give effect to City Council's decision.