Gifts of ecologically sensitive land
If you made a gift of ecologically sensitive land to certain qualified donees (other than a private foundation), the inclusion rate of zero may apply to your capital gain.
To report the amounts, complete and attach Form T1170, Capital Gains on Gifts of Certain Capital Property, to your return.
Under proposed changes, a gift of ecologically sensitive land cannot be made to a private foundation after March 21, 2017.
To qualify for the capital gains inclusion rate of zero, you must meet certain conditions, and other special rules may apply. For more information, see pamphlet P113, Gifts and Income Tax.
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