U.S. taxpayers who own natural lands in Canada are often interested in transferring their property to the next generation of family members and/or permanently protecting their lands in Canada. In both cases, conservation can be a valuable legal and financial strategy. There are tax incentives in both the U.S. and Canada to encourage conservation of priority natural lands in Canada.
Landowners from the U.S. are often unaware of either the potentially dire implications of Canadian taxes or the good news about available incentives. These landowners and their professional advisors, from both the U.S. and Canada, need to know how the tax codes of the two countries interact and how tax benefits can help with estate planning.
With support from the Ontario Trillium Foundation, American Friends and the Ontario Land Trust Alliance (OLTA) developed tools to inform U.S. taxpayers and their advisors about how to conserve land in Canada, and the potential U.S. and Canadian tax benefits.