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 trees on each hectare (acre) of forest you own