A GIFT OF LAND
"I grew up here and roamed all over these woods and hills. Tobogganing, gathering flowers, watching birds. Later we planted trees, watched sunsets, saw the seasons pass. It meant so much to me, now it’s changing."
Who hasn’t heard such sentiments from a parent or grand-parent, a friend or a neighbour? Usually, it is with a touch of regret or sadness that the sense of place, the peacefulness, won’t continue. But you can ensure that lands you love will be left intact by making a fee-simple donation of land to the Oak Ridges Moraine Land Trust. As a nature reserve, it would not be accessible to the public, unless you decide it should be. Your lands will be protected from development, division and uses you don’t agree with.
Donations of land can simplify decision making for your survivors or executors. And, you don’t need to wait until the end of life to receive benefit! By making a donation now you could retain a "life interest" in the lands and use the charitable donation receipt to offset taxes and capital gains.
Every land donation is different and the benefits to the donor dependent on very unique circumstances. Contact the Land Trust office to arrange for a meeting with a representative from the Land Securement program to discuss your property and explain your options. Your own legal and financial professionals need to be consulted to explain exactly how arrangements benefit your personal situation.
Another option for protecting lands, while retaining full ownership and realizing tax benefits, is explained in our section about Conservation Easements. [Read more...]