Healthy, well managed woodlots are more resilient to tree pests and disease and can provide long term benefits to the owner through timber sales. They can also provide benefits to the wider public by protecting against soil erosion, storing carbon, providing wildlife habitat and increasing biodiversity. Woodlots play an important role in the water cycle, lessening the impact of severe weather events by storing and infiltrating precipitation and reducing peak flows and flooding. As such there are several incentives to maintain and properly manage woodlots. Review the links below to learn more.
The Managed Forest Tax Incentive Program (MFTIP) encourages good forest management by reducing the residential tax rate on qualifying portions of a property by 25%
Conservation Land Tax Incentive Program
The Conservation Land Tax Incentive Program (CLTIP) supports the long-term stewardship of provincially significant natural areas and portions of a property may qualify for a 100% property tax exemption.
Farm Forestry Exemption
The Farm Forestry Exemption (FFE) is a program designed to protect wooded areas on farm properties by. Farm properties with woodlots may be eligible to have up to 12 hectares (30 acres) taxed at a 0% tax rate.