Money, tax breaks for forestry plans
Landowners in Stormont-Dundas-Glengarry can receive a subsidy that will help them better tend to their bush lots, and save money.
Grants of $500 are available under the Ontario Managed Forest Tax Incentive Program, which can provide a tax reduction of up to 75 per cent on privately-owned residential land.
The incentive is popular, notes South Nation Conservation forestry technician Cheyene Brunet, adding that “quite a few” landowners have taken advantage of the program.
To promote the sustainable management of forests and the establishment of additional forest cover within their jurisdictions, South Nation Conservation and the Stormont-Dundas-Glengarry chapter of the Ontario Woodlot Association have partnered to give $500 rebates to landowners who write management plans for their forest properties.
The program is open to anyone who owns at least 9.88 acres, or hectares, of forest property.
A plan can cost anywhere from $400 to $1,600, depending on the size of the lot, observes Ms. Brunet. Visit ontariowoodlot.com for details. To receive the $500 rebate, the plan has to be submitted to the Ministry of Natural Resources and Forestry. The applicant must also register as an OWA chapter member.
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.