MarkhamFees & ChargesDevelopment Charge Studies & Policies
Development Charges and Community Benefits Charge December 31, 2024 Reserve Balances and Annual Activity of the Accounts
Published by City of Markham
This is the City of Markham’s document, as published on its website on 18 October 2026. The municipality may have changed it since: check the current version at the source. Legal notice
- Type
- Fees
- Published by
- City of Markham
- Date
- May 6, 2025
- For
- any
- Building types
- All building types
- Pages
- 15
- Instruments
- Development Charges Act, 1997 · Planning Act
Overview
A City of Markham staff report to General Committee, meeting date May 6, 2025, giving the annual financial statement for 2024 under section 43(1) of the Development Charges Act, 1997 and section 37(48) of the Planning Act. It reports a development charge reserve closing balance of $272,593,094 before $139,254,944 in capital commitments, the first Community Benefits Charge payment of $2,601,480, interest, credits and reimbursements, indexing and the Cutting Red Tape to Build More Homes Act, 2024, with schedules A to G of balances, transfers and investments.
What it covers
- Recommendation
- Purpose
- Background
- Financial Considerations
- Community Benefits Charge
- Development Charge - Summary of Activity
- Interest
- Development Charges Committed to Approved Projects
- Development Charge Credits and Reimbursements
- Indexing
- The Cutting Red Tape to Build More Homes Act, 2024 (Bill 185)
- Compliance with the Development Charges Act, 1997
- Schedule A – Community Benefits Charge – Capital Fund Transfers Addendum
- Schedule B – Summary Statement - Balances by Component of the Reserve Fund
- Schedule C – Continuity Statement - Funds Received and Dispersed by Category
- Schedule D – Capital Fund Transfers Addendum
- Schedule E – Summary of Investments - Reg. 74/97 Section 8 of the Municipal Act
- Schedule F – Statement of Change in Year-end Balances
- Schedule G – Credit Obligation Summary
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