2020.02.17 Plant a Forest and Lower Your Tax Bill
Planting trees on your property has many benefits. A new forest will clean the air, invite wildlife, reduce erosion, add beauty and sequester carbon. But did you know that your new forest can also substantially lower your tax bill? The Province of Ontario offers this tax-saving opportunity through its Managed Forest Tax Incentive Program (MFTIP). MFTIP sounds like a mouthful; the short version is this: more trees can = reduced taxes.