Which was approved on February 15th, 2023, pertaining to Toronto Municipal Code Chapter 767, Taxation, Property Tax, section 767-5.4A, has changed the ELIGIBLE PERSON definition to the following:
“ELIGIBLE PERSON – A low-income person or the spouse or widow of such
person, who has a household income equal to or less than the following:
(1) for 2023, $55,000; and
(2) for future years, $55,000 adjusted by the Statistics Canada, All-items
Consumer Price Index by City, Annual Change – Toronto”
This by-law 170 has also changed the ELIGIBLE PROPERTY definition to the following:
“ELIGIBLE PROPERTY – Real property classified as residential property on the
assessment roll, or a portion of real property classified as residential property on the assessment roll which:
(1) Has an assessed value of:
(a) $ 650,000 or less for the 2013 and 2014 taxation years;
(b) $ 715,000 or less for the 2015 and 2016 taxation years;
(c) $ 850,000 or less for the 2017 and 2018 taxation years; and
(d) $ 975,000 or less for all future taxation years.”
Regarding the Toronto Municipal Code, Chapter 844, Waste Collection, Residential Properties,
it was also thereby amended by making the following changes to section 844-30.1A,
“ELIGIBLE PERSON is now defined as a low-income person, or the spouse, or widow of such a
person, who has a household income of $55,000 or less”,
Also, the Toronto Municipal Code, Chapter 849, Water and Sewage Services and Utility
Bill, was in turn also amended by making the following changes to sections 849-14,
“ELIGIBLE PERSON is now defined as a low-income person, or the spouse, or widow of such a
person, who has a household income of $55,000 or less”
Before this, the low-income person designation, rather than definition, had relied upon statistical parameter computations relating to what was termed Low-Income Cut-Offf value, also known as LICO, and that would have resulted in only 22,060 Dollars yearly income for 2020 and 22,801 Dollars yearly income since 2021 and up until the aforementioned change.