Item - 2022.GL30.5
Tracking Status
- City Council adopted this item on May 11, 2022 without amendments and without debate.
- This item was considered by the General Government and Licensing Committee on April 29, 2022 and adopted without amendment. It will be considered by City Council on May 11, 2022.
GL30.5 - Largest Property Tax Debtors with Tax Arrears Greater than $500,000 as at December 31, 2021
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on May 11 and 12, 2022, adopted the following:
1. City Council direct that Confidential Attachment 4 to the report (March 30, 2022) from the Controller remain confidential in its entirety.
Confidential Attachment 4 to the report (March 30, 2022) from the Controller remains confidential in its entirety in accordance with the provisions of the Municipal Freedom of Information and Protection of Privacy Act which prevents the public disclosure of information which would identify an individual without their consent.
Confidential Attachment - The confidential attachment (Attachment 4) to this report identifies four (4) 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 without their consent.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2022/gl/bgrd/backgroundfile-224606.pdf
Attachment 1 - Properties with Tax Arrears Greater than $500,000 Owned by a Corporation as at December 31, 2021
https://www.toronto.ca/legdocs/mmis/2022/gl/bgrd/backgroundfile-224607.pdf
Attachment 2 - Properties Removed from the Largest Debtor List since Last Report
https://www.toronto.ca/legdocs/mmis/2022/gl/bgrd/backgroundfile-224608.pdf
Attachment 3 - Summary of Outstanding Tax Receivables as at December 31, 2021 (unaudited) Compared to December 31 Tax Receivables for Years 2017 - 2020
https://www.toronto.ca/legdocs/mmis/2022/gl/bgrd/backgroundfile-224609.pdf
Confidential Attachment 4
GL30.5 - Largest Property Tax Debtors with Tax Arrears Greater than $500,000 as at December 31, 2021
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Confidential Attachment - The confidential attachment (Attachment 4) to this report identifies four (4) 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 without their consent.
Committee Recommendations
The General Government and Licensing Committee recommends that:
1. City Council direct that the confidential information contained in Confidential Attachment 4 to the report (March 30, 2022) 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, 2021, and reports on the total outstanding tax receivables as at December 31, 2021. The total number of properties with outstanding receivable balances of $500,000 or more is 26, including 22 owned by corporations and 4 owned by individuals as mentioned above. The number has decreased from what was reported as of December 30, 2020 (31 properties) and as of June 30, 2021 (30 properties). Further information on prior years can be found in Table 1 of the report.
Background Information
https://www.toronto.ca/legdocs/mmis/2022/gl/bgrd/backgroundfile-224606.pdf
Attachment 1 - Properties with Tax Arrears Greater than $500,000 Owned by a Corporation as at December 31, 2021
https://www.toronto.ca/legdocs/mmis/2022/gl/bgrd/backgroundfile-224607.pdf
Attachment 2 - Properties Removed from the Largest Debtor List since Last Report
https://www.toronto.ca/legdocs/mmis/2022/gl/bgrd/backgroundfile-224608.pdf
Attachment 3 - Summary of Outstanding Tax Receivables as at December 31, 2021 (unaudited) Compared to December 31 Tax Receivables for Years 2017 - 2020
https://www.toronto.ca/legdocs/mmis/2022/gl/bgrd/backgroundfile-224609.pdf
Confidential Attachment 4