Module 10B: Introduction to Woodlot - Income Tax and Estate Planning
The forest industry is important to Nova Scotia’s economy. It is a large contributor to the Province’s GDP – generating substantial export shipments (over $1.0 billion in good years) as well as employing over 11,000 individuals directly. The majority of forest product exports go to the US, with pulp and paper making the largest contribution.
In Nova Scotia, approximately 70% of the forest land base is privately owned. Consequently, the majority of the fiber used by the forest industry sector comes from private land.
As demand grows for sustainably managed wood, private forest land owners will continue to play an important role in the Province’s economy.