Thursday, 14 February 2019

Making an Eco Gift of Land

While most people know that you can donate property to a charitable organization to the government (for parkland, environmental area, etc), not everyone may know that if one chooses and the land qualifies, the gift can be classified as an "eco gift". This comes up in our area occasionally, as much of the land on the coast could be termed ecologically sensitive or near to ecologically sensitive land.

The federal government oversees the process of having a donation declared an ecological gift, and there are regulations and criteria regarding how a property qualifies.



Not only properties can be donated. One can also donate easements and covenanted areas. The donated parcel only needs to meet one of the criterion on the list, although most of them will meet more than one.

According to the federal government, an ecological gift can provide significant tax advantages to the donor and can ensure that a land's biodiversity and environmental value is protected into the future.



For more information, go to the Environment Canada Eco Gifts page.

You can also donate Land to non-profit organizations, such as Nature Trust. If this is something that interests you, be sure to talk to the organization and make sure your land meets their criteria.

It's a Coastal Lifestyle ... Live It!

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