2025 Financial Report

The Financial report for January-June 2025 can be found here.

PARISH FINANCIAL NOTES AND UPDATES

Special Collections:
100% of the proceeds from special collections—such as ShareLife, Canadian Missions, Mission Co-op, and others—are forwarded directly to the Archdiocese of Toronto.

Diocesan Assessment:
As the owner of all parishes, the Archdiocese of Toronto receives 15% of all regular collections, known as the Diocesan Assessment, which is paid twice a year (June and December).  From this 15%, an additional 5% is allocated to cover the cost of Catholic Register circulation. If you have been receiving the Catholic Register at no charge, please note that the parish has covered that cost on your behalf.

Building Fund:
The Building Fund is not limited to the construction of the future parish hall. It also supports ongoing church-related expenses, such as utilities and supplies for the existing church building.  Funds collected under the Building Fund are invested through the Archdiocese of Toronto.

Parish Hall Investment:
As of June 30, 2025, our investment with the Chancery Office stands at $1,407,868.90. This amount is exclusively designated for the construction of our future parish hall.

Future Parish Hall Expenses:
All future expenses related to the parish hall will be covered by:

• The Family of Faith campaign
• Chancery investments
• Future fundraising projects

Assessment Exemptions:
The parish may apply for exemptions from the Diocesan Assessment. Once approved, 100% of the collected funds remain in the parish and are used strictly for their intended purposes. To date, the following collections are exempt from assessment:

• Fundraising activities
• Building Fund
• Safety Grill Appeal

This means every dollar donated to these initiatives stays within the parish to support our local needs.