Loading...
HomeMy WebLinkAboutFCS-15-005 - Council's One-Third Tax Free Remuneration - Muniicpal Act, 2001 Staff Report ��c tl R Finance and Corporate Services Department wmkitchene►:ca REPORT TO: Finance & Corporate Services Committee DATE OF MEETING: December 7, 2015 SUBMITTED BY: C. Tarling, Director of Legislated Services I City Clerk, 519-741- 2200, ext. 7809 PREPARED BY: C. Tarling, Director of Legislated Services I City Clerk, 519-741- 2200, ext. 7809 WARD(S) INVOLVED: All DATE OF REPORT: November 26, 2015 REPORT NO.: FCS-15-005 SUBJECT: Council's One-Third Tax Free Remuneration — Municipal Act, 2001 RECOMMENDATION: That pursuant to Section 283 of the Ontario Municipal Act, 2001 (the Act), one- third of the remuneration paid to the elected members of Kitchener City Council continue as expenses incident to the discharge of their duties as members of the Council. BACKGROUND: Under the previous Municipal Act (1990), Kitchener City Council passed a resolution on July 2, 2002 to provide that one-third of the remuneration paid to the elected members of Council and local boards be considered as expenses incidental to the discharge of their duties as members. Section 283 of the Municipal Act, 2001 (the Act) provides that Council can pass a resolution that one-third of the remuneration paid to its members may continue to be deemed to be the reimbursement of expenses for the purpose of the Income Tax Act; and therefore, are not taxable. Pursuant to Section 283(7) of the Act, on or after December 1, 2003, Council is required to review the retention of the one-third tax free allowance at a public meeting at least once during its four-year term of office. Previous Councils have passed comparable resolutions in July 2005, June 2007 and November 2012. ***This information is available in accessible formats upon request. *** Please call 519-741-2345 or TTY 1-866-969-9994 for assistance. 5 - 1 REPORT: If one-third of Council's remuneration is to continue to be treated as a reimbursement of expenses, then Council must pass a resolution of the nature set out herein at a public meeting. Consideration of this matter at the December 7, 2015 Finance and Corporate Services Committee meeting satisfies this requirement. Should Council decide to discontinue the one-third tax free allowance and change the Mayor and Councillors' compensation to be fully taxable, then in accordance with Section 283 (6) of the Act, the original resolution from July 2002 would have to be repealed. If Council elects to end the one-third allowance, the Act stipulates it cannot be re-instated in the future. This decision would be effective January 1, 2016. It should be noted the current one-third tax provision does not negatively affect the City; in fact, there is a relatively small positive financial impact. The taxable earnings for members of Council are currently reduced by one-third and as such, the amount of Canada Pension Plan (CPP) contributed by each member is reduced accordingly. The City as an employer, must match any CPP contributions; therefore, a reduction in contributions paid by Councillors results in a savings due to the lower contributions that have to be paid by the City. There is also a savings on Employer Health Tax (EHT) premiums. ALIGNMENT WITH CITY OF KITCHENER STRATEGIC PLAN: The recommendation of this report supports the achievement of the city's strategic vision through the delivery of core service. FINANCIAL IMPLICATIONS: The following outlines three options and their related financial impacts. These options are 1) Continuation of the One-Third Tax Free Allowance; 2) Fully Taxable, No Change in Gross Pay; and 3) Fully Taxable and Adjust Gross Pay to Maintain the Same Net Pay. Option 1 - Continuation of the One-Third Tax Free Allowance The continuation of the one-third tax free allowance for Council would mean the City would continue to report the remaining two-thirds for income tax purposes to the Canada Revenue Agency. There is no net financial impact associated with continuing with the recommendation to maintain the one-third tax free portion of the remuneration. Option 2 - Fully Taxable, No Change in Gross Pay There would be no change in gross pay and no impact on the 2015 Budget; however, net pay would be reduced by $3,352 for each Councillor and $8,303 for the Mayor. 5 - 2 This Option would also cost the City an additional $9,707 annually, as a result of having to match the increased C.P.P. as well as Employer Health Tax contributions. Option 3 - Fully Taxable and Adjust Gross Pay to Maintain the Same Net Pay The current annual salary for a Councillor is $40,005 and $77,759 for the Mayor, one- third of which is tax-free. To convert the remuneration to 100% taxable while maintaining the same level of net after-tax compensation, those annual salaries would need to be grossed up to $44,615 for each Councillor and $90,847 for the Mayor. This Option would result in an unavoidable budget increase totalling $78,391 per year (at 2015 rates). A comparative analysis of the three options with detailed calculations is attached in Appendix W. The calculations (e.g. income tax projections) contained in the attached assume single source income from the City. Actual marginal tax rates will vary based on all source income and deductions available to individual Councillors. COMMUNITY ENGAGEMENT: INFORM — This report has been posted to the City's website with the agenda in advance of the council / committee meeting. ACKNOWLEDGED BY: Dan Chapman, Deputy CAO 5 - 3 CF) W I, n O m O M 7 O N N W O y O Ln W V 7 i/) to W V O J) N to w in to c-I to I� O Oo W 10 N N N 0 N m I, O � C C M � Z (7 m O M v _ o0 0 Ln O Ln Ln O O Ln Ln O O O Ln O o m m m O x 0 N r, m 0 v) N O w m a m m O p t r- O oo oo oo O i .� oa a ti F o a= a oo L in• a w m t r i �. t vn a m v) O a vn v) v) �o LL O O U O o U N m 0) m O oo O oo m tD O O m O m J Ln In Ln j) I, W In O O N Ln to to O to O r, N m a oo m m Ln m Ln Ln Q T I, ^ N N i/} N Ln i ? T i/} /} i LL O C C N O Z x O O m n W H ? Oi a Ln Ln Ln O O r, N oo N O O o o . o o `^ O O O O v) a O v Ln Ln oo O o o o W W O O O O I- W Ln 7 m N to i lD lD N J •� O O O Ln .--i to W vmi vmi O v1Oi v^'i vmi I= in• O U LL O O N U O m 0) m 0 Ln O Ln 7 N .--i S Ln Ln m N r, oo Ln O N Ln Il n W m O 7 N N O m W O I, n c-i Ln m N N l 6 N a0 C Y n n Ln N i/} i/} N lD in 'V} C r t/T to j) j) to t/T V Z O_ v w V x V m Y N Y w O m > U O Q N x + �H 'O V m n Y O- Z F- Ln Ln o Ln oo r, Ln o O o w m W 0 m o O I, m 7 7 m .ti N O o O Z H \ O O O lD m O .--� N CO In lD (�) +N+ N •u O O to m' m' .-i V Ln in• m' N 2 w U y S O j) {/} j) j) i/} i/} y} j) i/} C U T O c "O L O Q W O y+ T O � U 'O m Q d '� O LL 'O a d CC - p O Q In U W CC Q N N � U J 11 i co CL O _ Y Q Z > ¢ O � c LLI O a a o c -- ^ a v o Y O O O O A V m a c b 023 u o a v a, � m � � H m 7 N i m d 0 N L � .� O aj txo d O uj c w v ,o �• T m W c i i C 7 Q •i N O N O in O C O_ m x c - m CL 2 w a z" e O O w �o H d m c m O p U — aj a m m m m N a T O U cL m in ut H -° in O L O G cL O O O x O O O m O V O_ N O aJ U c m m Q C7 U� H Z U H C7 Y W 0! Ln i O U F- m O O O O O E O G p N N Z C V +r o p O i O T 7 m G v O O O W 'O +'' W Q aJ i do v1 Q W O Z W v y aJ O CL O U Z U C X Q ao Ln a M 0 rq 41 O m y W oj o v 'a {A Q' W N Z w c3 LL Q Q m V O O V Q O O 5 - 4