Largest Property Tax Debtors with Tax Arrears Greater than $500,000 as at December 31, 2023

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The decision

2024-06-26 · Toronto City Council · adopted

As filed

City Council on June 26 and 27, 2024, adopted the following: 1. City Council direct that Confidential Attachment 3 to the report (May 15, 2024) from the Interim Controller remain confidential in its entirety. Confidential Attachment 3 to the report (May 15, 2024) from the Interim Controller remains confidential in its entirety in accordance with the provisions of the City of Toronto Act, 2006, as it identifies three properties

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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.

On the agenda

As the city filed it

This report provides information on property tax accounts with outstanding receivables of $500,000 or more as of December 31, 2023, and reports on the total outstanding tax receivables as at December 31, 2023. The total number of properties with outstanding receivable balances of $500,000 or more is 29, including 26 owned by corporations and 3 owned by individuals as mentioned above. When compared to what was reported as of June 30, 2023, the total number of properties with receivables of $500,000 or more has increased.

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Further information on prior years can be found in Table 2 of the report.

Staff recommended

The Interim Controller recommends that: 1. City Council direct that the confidential information contained in Confidential Attachment 3 remain confidential in its entirety.

Considered

2024-05-30 · General Government Committee · adopted
Decision as filed
The General Government Committee recommends that: 1. City Council direct that the confidential information contained in Confidential Attachment 3 to the report (May 15, 2024) from the Interim Controller remain confidential in its entirety.
2024-06-26 · Toronto City Council · adopted

On the record

The item as the City filed it

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