Largest Property Tax Debtors with Tax Arrears Greater than $500,000 as at December 31, 2024

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The decision

2025-12-16 · Toronto City Council · adopted

As filed

City Council on December 16 and 17, 2025, adopted the following: 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.

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, 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.

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

2025-12-08 · General Government Committee · adopted
Decision as filed
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.
2025-12-16 · Toronto City Council · adopted

On the record

The item as the City filed it

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