Largest Property Tax Debtors with Tax Arrears Greater than $500,000 as at June 30, 2024

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The decision

2024-12-17 · Toronto City Council · adopted

As filed

City Council on December 17 and 18, 2024, adopted the following: 1. City Council direct that Confidential Attachment 3 to the report (October 24, 2024) from the Executive Director, Finance Shared Services, remain confidential in its entirety. Confidential Attachment 3 to the report (October 24, 2024) from the Executive Director, Finance Shared Services, remains confidential in its entirety in accordance with the provisions

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of the City of Toronto Act, 2006, as it pertains to 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.

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 June 30, 2024. The total number of properties with outstanding receivable balances of $500,000 or more is thirty (30), including twenty-seven (27) owned by corporations and three (3) owned by individuals as mentioned above. When compared to what was reported as of December 31, 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 Executive Director, Finance Shared Services recommends that: 1. City Council direct that the confidential information contained in Confidential Attachment 3 remain confidential in its entirety.

Considered

2024-11-20 · 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 (October 24, 2024) from the Executive Director, Finance Shared Services, remain confidential in its entirety.
2024-12-17 · Toronto City Council · adopted

On the record

The item as the City filed it

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