Item - 2023.GG3.11
Tracking Status
- City Council adopted this item on May 10, 2023 without amendments and without debate.
- This item was considered by the General Government Committee on April 20, 2023 and adopted without amendment. It will be considered by City Council on May 10, 2023.
GG3.11 - Largest Property Tax Debtors with Tax Arrears Greater than $500,000 as at December 31, 2022
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on May 10, 11 and 12, 2023, adopted the following:
1. City Council direct that Confidential Attachment 4 to the report (April 4, 2023) from the Controller remains confidential in its entirety.
Confidential Attachment - The Municipal Freedom of Information and Protection of Privacy Act prevents the public disclosure of information that could identify an individual without their consent
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2023/gg/bgrd/backgroundfile-235648.pdf
Attachment 1 - Properties with Tax Arrears Greater than $500,000 Owned by a Corporation as at December 31, 2022
https://www.toronto.ca/legdocs/mmis/2023/gg/bgrd/backgroundfile-235649.pdf
Attachment 2 - Properties Removed from the Largest Debtor List since Last Report
https://www.toronto.ca/legdocs/mmis/2023/gg/bgrd/backgroundfile-235650.pdf
Attachment 3 - Summary of Outstanding Tax Receivables as at December 31, 2022 (unaudited) Compared to December 31 Tax Receivables for Years 2018 - 2021
https://www.toronto.ca/legdocs/mmis/2023/gg/bgrd/backgroundfile-235651.pdf
Confidential Attachment 4
GG3.11 - Largest Property Tax Debtors with Tax Arrears Greater than $500,000 as at December 31, 2022
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Confidential Attachment - The Municipal Freedom of Information and Protection of Privacy Act prevents the public disclosure of information that could identify an individual without their consent
Committee Recommendations
The General Government Committee recommends that:
1. City Council direct that the confidential information contained in Confidential Attachment 4 to the report (April 4, 2023) from the Controller remains 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, 2022, and reports on the total outstanding tax receivables as at December 31, 2022. The total number of properties with outstanding receivable balances of $500,000 or more is 26, including 23 owned by corporations and 3 owned by individuals as mentioned above. This number has stayed the same as the number reported as of December 31, 2021. Further information on prior years can be found in Table 2 of the report.
Background Information
https://www.toronto.ca/legdocs/mmis/2023/gg/bgrd/backgroundfile-235648.pdf
Attachment 1 - Properties with Tax Arrears Greater than $500,000 Owned by a Corporation as at December 31, 2022
https://www.toronto.ca/legdocs/mmis/2023/gg/bgrd/backgroundfile-235649.pdf
Attachment 2 - Properties Removed from the Largest Debtor List since Last Report
https://www.toronto.ca/legdocs/mmis/2023/gg/bgrd/backgroundfile-235650.pdf
Attachment 3 - Summary of Outstanding Tax Receivables as at December 31, 2022 (unaudited) Compared to December 31 Tax Receivables for Years 2018 - 2021
https://www.toronto.ca/legdocs/mmis/2023/gg/bgrd/backgroundfile-235651.pdf
Confidential Attachment 4