ONTARIO MANAGED FOREST TAX INCENTIVE PROGRAM
The Ontario Managed Forest Tax Incentive Program (MFTIP) recognizes the importance of privately owned forestlands given their benefit to all Ontarians. The goal of the MFTIP is to bring greater fairness to the property tax system by valuing forestland according to is current use. The program is designed to increase landowner awareness about forest stewardship and encourage responsible management of forests on private land in Ontario.
Landowners who apply and qualify for the program have the eligible portion of their property classified and assessed as a managed forest under the Managed Forest property class. The eligible land is taxed at 25% of the municipal tax rate set for residential properties. The Ministry of Natural Resources and Forestry (MNRF) administers the MFTIP.
For more information on the MFTIP, see the website.