5. Property tax refund for forest producers (Line 462)
If, in 2022, you were a certified forest producer under the Sustainable Forest Development Act, were actively engaged in developing your woodlots and held a valid forest producer's certificate issued for that purpose, you can claim a refund for all the assessment units listed on your certificate whose total area is used for forestry purposes. To calculate the amount of your refund, complete Part C of Schedule E.
The value of the land and the total value of the unit are given on the assessment roll of a municipality, school service centre or school board.
The total property taxes on the immovable property included in the assessment units listed on your certificate is equal to the total of the following, provided you did not apply for a refund of any of them for 2021:
- the municipal taxes paid in 2022; and
- the school taxes paid in 2022.
To be entitled to the refund, you must have a report from a forest engineer listing your eligible development expenses (within the meaning of the Regulation respecting the reimbursement of property taxes of certified forest producers) for 2022, or you must have such expenses in reserve.
If you incurred eligible development expenses in a given calendar year and they are greater than the property taxes you paid, you can carry them forward up to ten calendar years.
If you incurred eligible development expenses in a given calendar year before 2022 and they are less than the property taxes you paid, you can carry them forward up to five calendar years.