What is
the MFTIP ?
- The Managed
Forest Tax Incentive Program (MFTIP) is a
voluntary program
that is intended
to offer lower property taxes to woodlot owners who are willing to take
care of their forests in Ontario. There is no requirement that your
woodlot be harvested in order to be eligible for this program. Be
careful - there are little or no tax savings to be gained on many
properties! Please contact us for assistance with your tax savings.
- Under
the MFTIP, eligible forest areas are assessed similar to farmland,
and taxed at 25% of the normal rate.
Is
my land eligible for the MFTIP ?
- A
minimum of 10 acres of forested area is required.
- Other
conditions apply, but the majority of landowners are
eligible.
- Contact
us at Kestrel Forestry
Consulting for an initial consultation and assessment.
How
do I get my property into the MFTIP ?
- We can take care
of all aspects of your MFTIP
involvement.
We will write a
Managed Forest Plan tailored for your needs. You can manage your forest
for
wildlife, environmental protection, recreation, forest products, etc.
We
will approve your Managed Forest Plan, and submit the application for
you.
What
do I have to do ?
- Do your best to
follow your managed forest plan, and
don't
do
anything detrimental to your forest without first exiting the program.
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