The Public GalleryToronto

←Executive Committee · 2021-12-07 · 2021.EX28.2

The filed record

Final Tax Design and Steps to Implement a Vacant Home Tax in Toronto

The Public Gallery wrote no story on this item. What follows is the city’s own record of what happened to it, as filed: nothing on this page is summarised or scored by us.

The decision

2021-12-15 · Toronto City Council · amended

As filed

City Council on December 15, 16 and 17, 2021, adopted the following: 1. City Council approve the implementation of a Vacant Home Tax of one percent tax of the current value assessment of the residential property on which the vacant unit is located, effective for the 2022 taxation year collectible in the following year, and adopt the final tax design features for the Vacant Home Tax as set out in Attachment 1 to the report (November 23, 2021) from the Chief Financial Officer and Treasurer and the Executive Director, Housing Secretariat, as amended by Part 2, below.

Show the rest of As filed, 3,337 more characters as filed

2. City Council amend Attachment 1 to the report (November 23, 2021) from the Chief Financial Officer and Treasurer and the Executive Director, Housing Secretariat by deleting Part d. under Section 3.0, Proposed Exemptions. 3. City Council appoint the Director, Revenue Services to administer the complaint process, and to receive and make decisions on complaints with respect to the Vacant Home Tax as set out in Attachment 1 to the report (November 23, 2021) from the Chief Financial Officer and Treasurer and the Executive Director, Housing Secretariat. 4. City Council appoint the Controller to the role of Appellate Authority as set out in Attachment 1 to the report (November 23, 2021) from the Chief Financial Officer and Treasurer and the Executive Director, Housing Secretariat, and to receive, hear and make decisions on appeals with respect to the Vacant Home Tax as set out in Attachment 1 to the report (November 23, 2021) from the Chief Financial Officer and Treasurer and the Executive Director, Housing Secretariat. 5. City Council direct the Chief Financial Officer and Treasurer to allocate net Vacant Home Tax revenues (after deduction of program operating expenditures) towards affordable housing initiatives through the annual operating and capital budget approval process. 6. City Council direct the Chief Financial Officer and Treasurer and the Executive Director, Housing Secretariat to: a. promote public awareness of the Vacant Home Tax during 2022; and b. report back during the fourth quarter of 2023 with the findings from the first year of tax collections as part of an annual reporting requirement. 7. City Council authorize the City Solicitor to introduce the necessary Bill to give effect to the Vacant Home Tax at the next City Council meeting in January, 2022, and to amend the City of Toronto Municipal Code to add the Vacant Home Tax by-law as Chapter 778. 8. City Council direct the Chief Financial Officer and Treasurer to report to the Executive Committee by the second quarter of 2022 with updates on the implementation and projected revenues from the Vacant Home Tax. 9. As previously directed by City Council on November 9, 10 and 12, 2021 in Item PH28.3, City Council direct the Chief Financial Officer and Treasurer, in consultation with the Executive Director, Housing Secretariat, to report on the feasibility of allocating a portion of revenues to be received by the City from the future Vacant Homes Tax to the Multi-Unit Residential Acquisition Program. 10. City Council direct the Chief Financial Officer and Treasurer, for the City's 2023 Budget, to prioritize and include the Multi-Unit Residential Acquisition program ongoing annual funding of no less than $10 million in the City's annual budget while continuing to work with other orders of Government for additional funding. 11. City Council direct the Chief Financial Officer and Treasurer to report annually through the budget process on all the projects financed and/or funded through the revenue secured though the Vacant Homes Tax. 12. City Council direct the Chief Financial Officer and Treasurer to contact Statistics Canada regarding the Federal Canadian Housing Statistics Program to determine what data can be shared in their analysis of property assessments, land registry data, and tax filings for the City of Toronto.

The vote

Adopt Item as Amended · Carried, 25-1

For (25)Ana Bailão, Anthony Perruzza, Brad Bradford, Cynthia Lai, Denzil Minnan-Wong, Frances Nunziata, Gary Crawford, Gord Perks, James Pasternak, Jaye Robinson, Jennifer McKelvie, Joe Cressy, John Filion, John Tory, Josh Matlow, Kristyn Wong-Tam, Mark Grimes, Michael Ford, Michael Thompson, Mike Colle, Mike Layton, Nick Mantas, Paul Ainslie, Paula Fletcher, Shelley Carroll
Against (1)Stephen Holyday
The whole record, all 26 members

Every name opens that member’s record.

On the agenda

As the city filed it

City Council, at its meeting of July 14-16, 2021, considered the report EX25.3: Recommended Tax Design and Steps to Implement a Vacant Home Tax in Toronto, which provided recommended tax program design elements to be considered as part of a future tax by-law, including annual declaration responsibility of all homeowners, key definitions of vacant homes, principal residence exemptions, other exempting conditions, administrative matters, tax rate, and general information regarding audit and enforcement functions, complaints and appeals process, offences and penalties and annual reporting requirements.

Show the rest of As the city filed it, 1,200 more characters as filed

The subsequent direction from City Council was to undertake public consultation and receive written feedback and advice from stakeholders on the development of the proposed tax program; and to report back during Q4 2021 with the findings from the consultations and any modifications to a finalized tax design and an enabling tax by-law for Council consideration for implementation on January 1, 2022. This report responds to Council's direction by providing the findings of a public consultation effort conducted in October 2021. Approximately 5,000 residential tenants and property owners responded to a survey seeking feedback on the design of the Vacant Home Tax. This input affirmed many of the features of the tax proposed in July 2021, and informed other details which are together presented in this report as the final recommended tax design for the Vacant Home Tax. To comply with the City of Toronto Act, 2006 (COTA), the by-law will be presented to City Council for adoption in January 2022 to adopt the recommended Vacant Home Tax. The proposed by-law would become effective on January 1, 2022, with the first annual property declarations in respect of the 2022 taxation being due in 2023.

Staff recommended

The Chief Financial Officer and Treasurer and the Executive Director, Housing Secretariat recommend that: 1. City Council approve the implementation of a Vacant Home Tax of one percent tax of the current value assessment of the residential property on which the vacant unit is located, effective for the 2022 taxation year collectible in the following year, and adopt the final tax design features for the Vacant Home Tax as set out in Attachment 1 to this report; 2.

Show the rest of Staff recommended, 1,277 more characters as filed

City Council appoint the Director, Revenue Services, to administer the complaint process, and to receive and make decisions on complaints with respect to the vacant home tax as set out in Attachment 1. 3. City Council appoint the Controller to the role of Appellate Authority as set out in Attachment 1, and to receive, hear and make decisions on appeals with respect to the vacant home tax as set out in Attachment 1. 4. City Council direct that the Chief Financial Officer and Treasurer allocate net Vacant Home Tax revenues (after deduction of program operating expenditures) towards affordable housing initiatives through the annual operating and capital budget approval process. 5. City Council direct the Chief Financial Officer and Treasurer and the Executive Director, Housing Secretariat to: a. promote public awareness of the Vacant Home Tax during 2022; and b. report back during the fourth quarter of 2023 with the findings from the first year of tax collections as part of an annual reporting requirement. 6. City Council authorize the City Solicitor to introduce the necessary Bill to give effect to the Vacant Home Tax at the next Council meeting in January, 2022, and to amend the City of Toronto Municipal Code to add the Vacant Home Tax by-law as Chapter 778.

Considered

  • 2021-12-07 · Executive Committee · amended

    Decision as filed

    The Executive Committee recommends that: 1. City Council approve the implementation of a Vacant Home Tax of one percent tax of the current value assessment of the residential property on which the vacant unit is located, effective for the 2022 taxation year collectible in the following year, and adopt the final tax design features for the Vacant Home Tax as set out in Attachment 1 to the report (November 23, 2021) from the Chief Financial Officer and Treasurer and the Executive Director, Housing Secretariat.

    Show the rest of Decision as filed, 1,885 more characters as filed

    2. City Council appoint the Director, Revenue Services to administer the complaint process, and to receive and make decisions on complaints with respect to the Vacant Home Tax as set out in Attachment 1 to the report (November 23, 2021) from the Chief Financial Officer and Treasurer and the Executive Director, Housing Secretariat. 3. City Council appoint the Controller to the role of Appellate Authority as set out in Attachment 1 to the report (November 23, 2021) from the Chief Financial Officer and Treasurer and the Executive Director, Housing Secretariat, and to receive, hear and make decisions on appeals with respect to the Vacant Home Tax as set out in Attachment 1 to the report (November 23, 2021) from the Chief Financial Officer and Treasurer and the Executive Director, Housing Secretariat. 4. City Council direct the Chief Financial Officer and Treasurer to allocate net Vacant Home Tax revenues (after deduction of program operating expenditures) towards affordable housing initiatives through the annual operating and capital budget approval process. 5. City Council direct the Chief Financial Officer and Treasurer and the Executive Director, Housing Secretariat to: a. promote public awareness of the Vacant Home Tax during 2022; and b. report back during the fourth quarter of 2023 with the findings from the first year of tax collections as part of an annual reporting requirement. 6. City Council authorize the City Solicitor to introduce the necessary Bill to give effect to the Vacant Home Tax at the next City Council meeting in January, 2022, and to amend the City of Toronto Municipal Code to add the Vacant Home Tax by-law as Chapter 778. 7. City Council direct the Chief Financial Officer and Treasurer to report to the Executive Committee by the second quarter of 2022 with updates on the implementation and projected revenues from the Vacant Home Tax.

  • 2021-12-15 · Toronto City Council · amended

On the record

The item as the City filed it

More from this meeting

The whole meeting