Ecologically sensitive land
September 3, 2003
Ecological gift - Eco-gift - Ecological property
Ecologically sensitive land is land that the Minister of the Environment has certified as important to the preservation of Canada's environmental heritage.
The Income Tax Act provides favourable tax treatment for the disposition of ecologically sensitive land (including a covenant, an easement, or a servitude) to Canada, a province, or a territory, a Canadian municipality or a registered charity that the Minister of the Environment has designated. This treatment includes a reduction in capital gains realized on the disposition of ecologically sensitive land and the provision of a tax credit or a deduction to donors, up to 100% of their net income.
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