Property Tax Refund for Forest Producers

Conditions

You may claim a property tax refund for each assessment unit listed on your certificate, provided the entire portion of the unit that is a forest area is registered with the Ministère des Ressources naturelles et de la Faune and you meet the following conditions:

• In 2011, you were a forest producer certified under the Forest Act.
• You were actively engaged in developing your woodlots.
• You held a valid certificate issued for this purpose by the Ministère des Ressources naturelles et de la Faune.

Amounts

The total amount of property taxes on the immovable property included in the assessment units listed on your certificate is equal to the total of the following amounts, provided you did not apply for a refund of these amounts for 2010:

• the municipal taxes paid for 2011
• the school taxes paid for 2010-2011 or 2011-2012
• the municipal taxes for 2011 paid before April 30, 2012

Refund

To calculate the amount of your refund, complete Part C of Schedule E. To be entitled to the refund, you must

• have a report from a forest engineer, stating your eligible development expenses (within the meaning of the Forest Act) for 2011, or have eligible development expenses in reserve (the amount of the expenses must be equal to or higher than the amount of property taxes that may be claimed)
• file your income tax return and enclose:
  • the invoices (original or certified copy) indicating the property taxes paid for each unit for which you are claiming a refund
  • a copy of the assessment notice issued by your municipality if the assessment of your land is not shown on the property tax invoices
  • a copy of the report obtained from a forest engineer for 2011

Carry-forward of development expenses

The eligible development expenses for a calendar year may be claimed in any of the next ten years, provided you were entitled to a property tax refund for the year in which the expenses were incurred. If you were not entitled to a refund for the year in which the expenses were incurred, the expenses may be carried forward two years only.

Note

The value of the land and the total value of the unit are the values stated on the assessment roll in effect for the fiscal period of a municipality or school board.