There are two types of Incentive
Programs available for specific property owners:
Managed Forest Tax Incentive Program (MFTIP)
The Managed Forest Tax Incentive Program (MFTIP) allows landowners who get their property classified as 'Managed Forest' to pay 25 per cent of the municipal tax rate set for residential properties.
To participate, you must prepare and follow a 10-year Managed Forest Plan that details how you will manage your forest property responsibly. The plan must be approved by a Managed Forest Plan Approver.
To be eligible you also need to:
own 4 hectares (9.88 acres) or more of forested land on a single property
be a Canadian citizen, permanent resident, or be a Canadian corporation or Canadian partnership
have a minimum number of tress on each hectare (acre) of forest you own
View the Managed Forest Tax Incentive Program Guide for more information.
Conservation Land Tax Incentive Program (CLTIP)
Under the Conservation Land Tax Incentive Program (CLTIP) , you could qualify for a 100 per cent property tax exemption for land that has important natural heritage features. To qualify, the land must be:
Provincially significant wetlands, a provincially significant area of natural or scientific interest, community conservation lands or land designated escarpment natural area in the Niagara Escarpment Plan
At least half an acre in size
Maintained in its natural state and made available for inspection by the Ministry of Natural Resources and Forestry
View the Conservation Land Tax Incentive Program Guide for more information.