Item - 2025.GG26.1
Tracking Status
- This item was considered by the General Government Committee on December 8, 2025 and adopted without amendment. It will be considered by City Council on December 16, 17 and 18, 2025.
GG26.1 - Largest Property Tax Debtors with Tax Arrears Greater than $500,000 as at December 31, 2024
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Confidential Attachment - The confidential attachment (Attachment 3) to this report 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 information that could identify an individual without their consent.
Committee Recommendations
The General Government Committee recommend that:
1. City Council direct that the confidential information contained in Confidential Attachment 3 to the report (November 24, 2025) from the Executive Director, Finance Shared Services, 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, 2024. The total number of properties with outstanding receivable balances of $500,000 or more is 27, including 24 owned by corporations and three owned by individuals as mentioned above. When compared to what was reported as of June 30, 2024, the total number of properties with receivables of $500,000 or more has decreased. Further information on prior years can be found in Table 2 of the report.
Background Information
https://www.toronto.ca/legdocs/mmis/2025/gg/bgrd/backgroundfile-260405.pdf
Attachment 1: Properties with Tax Arrears Greater than $500,000 Owned by a Corporation as at December 31, 2024
https://www.toronto.ca/legdocs/mmis/2025/gg/bgrd/backgroundfile-260406.pdf
Attachment 2: Properties Removed from the Largest Debtor List since Last Report
https://www.toronto.ca/legdocs/mmis/2025/gg/bgrd/backgroundfile-260407.pdf
Confidential Attachment 3 - Property Tax Arrears Greater than $500,000 Owned by an Individual