Ministry of Environment
Environmental Stewardship Division
A publication of the Sensitive Ecosystems Inventory Project No. 6
What are Ecogifts?
Ecogifts are gifts of full title to a property, or of the value of a conservation easement or covenant attached to that title, as defined by provincial legislation. Since 1995, landowners across Canada have been able to receive federal and provincial tax assistance for protecting ecologically significant lands. Ecogifts include lands that:
- Are identified, designated or protected for environmental conservation. For example on east Vancouver Island, Sensitive Ecosystem Inventory polygons would apply if they have been field checked.
- Are locally important natural areas;
- Are close to other environmentally significant properties;
- Buffer environmentally sensitive areas such as water bodies, streams and wetlands; or
- Support the conservation of biodiversity or Canada’s environmental heritage.
How are ecogifts certified as eligible for tax and income reduction?
Several agencies and groups in British Columbia are authorized to certify that the proposed ecogift qualifies for tax reductions. The agency or group will verify that the land is ecologically sensitive; that the recipient of the gift is a registered charity, an incorporated municipality, or a federal or provincial Crown agency; and that the value of the ecogift is at fair market value.
What are the benefits to using the Ecogifts Program?
For an individual property owner, 100% of the value of the donated ecogift can be used to reduce income for tax purposes. Recent changes have been put in place to provide greater benefit to corporations, including reduction of any capital gains tax payable that may be associated with the gift. Ecogifts are currently 75% capital gains exempt.
For more information, please contact: