The Toronto Port Authority (TPA) is required by law to be self-sufficient. It receives no funding from the federal government. In fact, it remits taxes and payments in lieu of taxes to the federal government and the City of Toronto, respectively.
The TPA, which recorded a profit for the fifth year in a row in 2012, charges fees for its services. Airport passengers pay an Airport Improvement Fee of $20 per outbound flight. Recreational boaters and commercial ships that go through the harbour also pay fees as do boaters who dock at the Outer Harbour Marina.
The Toronto Port Authority has a 100-year commitment to environmental leadership. It is responsible for keeping the harbour clean, removing 100 million pounds of debris, silt and driftwood from the waterfront every year. A leader in the use of renewable power using 13,745 megawatt hours a year of 100 per cent green electricity through Bullfrog Power, the TPA is now one of the largest buyers of renewable power in Canada.
The TPA is working with the Toronto and Region Conservation Authority to establish a fish habitat on the Leslie Street Spit
In addition, the Outer Harbour Marina has a 5 Green Anchor Gold rating from the Ontario Marine Operators’ Association (OMOA), one of the highest ranking a marina can attain.
The Toronto Port Authority (TPA) conducts routine meetings with its neighbours along the waterfront – institutional, business and residential. It manages a quarterly meeting, the Community Liaison Committee, with community residents and airport stakeholders designed to ensure Billy Bishop Toronto City Airport is responsive to the needs of its neighbours. The TPA also meets regularly with other businesses and organisations committed to developing a waterfront that best serves the people of Toronto.