Buying a Farm in Grey & Bruce CountiesFarming TopicsTax Benefits for Landowners 23 July 2021

What is the Managed Forest Tax Incentive Program?

Do you have some bush or forest area on your rural property? You may be eligible for tax relief when you follow an approved Managed Forest Plan. This blog post will provide a brief overview of the Government of Ontario’s Managed Forest Tax Incentive Program (MFTIP).

How does the Managed Forest Tax Incentive Program work?

Landowners who arrange for their property to be classified as a ‘Managed Forest’ only pay 25% of the municipal tax rate for residential properties.

Participants create and follow a 10-year Managed Forest Plan that explains how they will manage their forest property responsibly. The plan needs to be examined and accepted by a Managed Forest Plan Approver. 

To stay in the program, participants submit a 5-year progress report and update their management plan every 10 years.

Who is eligible for the Managed Forest Tax Incentive Program?

Participants need to:

  • own 4 hectares (9.88 acres) or more of forested land on a single property in Ontario on one municipal roll number

  • be a Canadian citizen or permanent resident

  • be a Canadian corporation or partnership

  • be a trust or conservation authority

  • have a minimum number of trees on each hectare (acre) of forest 

Residences, landscaped areas, and land used for residential or other purposes are not eligible.

 

What is the Managed Forest Tax Incentive Program? Markdale Real Estate, Grey Highlands Real Estate

 

How can I apply for the Managed Forest Tax Incentive Program?

Step 1: Read the MFTIP Guide to see if you qualify. A Managed Forest Plan Approver can verify your eligibility.

Step 2: Create a Managed Forest Plan that includes details about your property and how you will manage it.

Step 3: Have your plan reviewed and accepted by a Managed Forest Plan Approver.

Step 4: Complete the application form.

Step 5: Gather the following documents for your application package:

  • Managed Forest Plan

  • MFTIP 10-year application form

  • An area verification form for each property and an approval form, both completed by a Managed Forest Plan Approver

  • a copy of the most recent property assessment notice for each property (provided by the Municipal Property Assessment Corporation)

Step 6: Send the complete application package to:

Administrator

Managed Forest Tax Incentive Program

Ministry of Natural Resources and Forestry

5th Floor S

300 Water St

PO Box 7000

Peterborough ON  K9J 8M5

 

What is the Managed Forest Tax Incentive Program? Markdale Real Estate, Grey Highlands Real Estate

 

When is the application deadline for Managed Forest Tax Incentive Program?

June 30 to qualify for the following year.

Where can I find more information about the Managed Forest Tax Incentive Program?

Visit the Government of Ontario website at https://www.ontario.ca/page/managed-forest-tax-incentive-program.

Email address: MFTIP@ontario.ca

Telephone number: 1-855-86-MFTIP (63847)