Ontario Managed Forest Tax Incentive
Certain forestlands in Ontario may be privately owned, but they benefit all Ontarians. The Ontario Managed Forest Tax Incentive Program (MFTIP) recognizes the importance of these lands. The goal of the MFTIP is to bring greater fairness to the property tax system by valuing forestland according to its current use. The program is designed to increase landowner awareness about forest stewardship. This guide contains information on how to enter the MFTIP and the program’s ongoing administrative requirements.
Landowners with more than 4 hectares of forest land who apply and qualify for the program have the eligible portion of their property classified and assessed as Managed Forest under the Managed forests property class. The eligible land is taxed at 25 percent of the municipal tax rate set for residential properties.
For the details on how your property my qualify for this very important program, please visit https://www.ontario.ca/page/managed-forest-tax-incentive-program.