OFA's Ted Cowan: "Farmers can take part in MicroFIT Program to supply power and earn extra income."

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Permalink Reply by Heilanfarmer on February 8, 2011 at 6:04pm

On slide 11 Ted states that property taxes will be $400 per year, however information I've received is that equipment used to generate electricity is exempt from assessment per the Ontario Assessment Act.

I don't understand where the $400 came from .... or is my information incorrect?

 

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Permalink Reply by Joann on February 9, 2011 at 3:39am

When we questioned the municipality about the possibility of energy production we were informed the land where the structures were to be located would be zoned commercial as opposed to agricultural.

Please remember that if the government can create legislation for tax exemptions, the government may in the future change the tax status on any or all the exemptions. and the rates.. 

 

Heilanfarmer said:

On slide 11 Ted states that property taxes will be $400 per year, however information I've received is that equipment used to generate electricity is exempt from assessment per the Ontario Assessment Act.

I don't understand where the $400 came from .... or is my information incorrect?

 

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