The TCC anticipates payment for the capital costs of construction (excluding HST) for this project will be broken down as follows: Federal $14.3 M (40%), Provincial $11.9 M (33%) and the Owner $9.6 M (26.7%).

To demonstrate the TCC’s ability to finance 26.7% of the Owner’s cost as per the program guidelines, the TCC has organized a pledge campaign within the Tamil community. To date the TCC has received $11.2 M in pledges from community members, businesses and organizations. If made available and deemed required, the TCC would access the financing offered by the Ministry of Infrastructure for community organizations that are approved through the program’s guidelines. The TCC is in the process of acquiring charitable status designation and has had its Letters Patent approved as a Charity by the Office of the Public Guardian and Trustee. The Committee thanks our community members for their pledges in support of our application, and will share updates as soon as funding decisions are announced.

Summary of pledges
(public and confidential)

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