People choose to have forests on their properties for a number of reasons. For many landowners, forests are natural heritage. The vast majority of landowners manage trees for wood and income. Some landowners have forests for recreation needs. There are also landowners who like wildlife.
Forest management is a job that needs to be taken seriously. You must have knowledge, experience, and skills to manage forests properly. The proper forest management also needs a forest management plan developed by tree care professionals.
A forest management plan makes it easy for landowners to manage trees on their properties and get the most of their woodland. This type of plan provides landowners with the detailed information on their forests.
However, the most important thing is that the forest management plan contains tips on how to manage forests in the best possible way. Landowners need a forest management plan to participate in the Managed Forest Tax Incentive Program. You will also need a forest management plan to obtain FSC/Smartwood Forest Certification.
Managed Forest Tax Incentive Program gives landowners an opportunity to get a significant tax cut. So, if you qualify for MFTIP program and your residential property gets “Managed Forest” status then you will have to pay only 25% of the municipal tax rate.
As it was mentioned above, a forest management plan is something that landowners need to have to qualify for the MFTIP program.
If you would like to participate in Managed Forest Tax Incentive Program you’ll have to get a 10-year Managed Forest Plan first. The plan has to contain the detailed information about your forest property. In addition, your plan has to contain tips for managing forests on your property. After your Managed Forest Plan is ready, you’ll need to submit it for approval. If your plan gets approved by a Managed Forest Plan Approver you’ll be able to participate in MFTIP program and get a tax relief.
In order to qualify for the Managed Forest Tax Incentive Program you’ll also need to make sure that your property meets the following requirements:
In order to stay in MFTIP program you will have to submit the report that shows your progress. The progress report needs to be provided by every 5 years. Your Managed Forest Plan also needs to be updated every 10 years.
For many years, Tree Doctors has been developing forest management plans for landowners in Ontario.
We have developed forest management plans both for private and public landowners.
Tree Doctors have experience in working with properties that range from 4 to 8000 acres.
Our experts have everything that’s needed to develop a forest management plan for you.