Managed Forest Tax Incentive Program (MFTIP)
McClinchey Forestry Consulting’s core service revolves around the preparation of plans for Ontario’s Managed Forest Tax Incentive Program (MFTIP).
Enrolling in the program may reduce your property taxes by up to 75% by providing a fair valuation of your forested property. If your property meets the following criteria, you may be eligible:
own 4 hectares (9.88 acres) of forested property in Ontario
have a minimum number of trees per hectare
be a Canadian citizen, partnership or trust
have a managed forest plan approved by a plan approver such as myself
A managed forest plan is the first step in developing an understanding of your forested property. It is built on your goals and your objectives for your property. A detailed forest inventory will be developed as part of your plan, describing the values on your forest property. This includes maps, aerial photography, and details on tree species, size, age and quality, and the presence of other natural features such as waterbodies and open areas.
Generally, the tax savings generated to the landowner by enrolling in the program offset the cost of writing the plan within 1-2 years. The larger the property and the greater proportion of forested area, the greater the savings.
With as little information as your civic address, I can provide an estimate on the tax reduction generated by enrolling in the program, reach out for more information!