Future partnership between the Village of McBride and McBride Community Forest

By Andrea Arnold
The Rocky Mountain Goat
November 1, 2024
Category: Forestry
Region: Canada, Canada West

A partnership between the Village of McBride and the Community Forest would return the organization into the tax exempt category, allowing more funds to remain in the community according to Michael Martineau with KPMG, a global organization of independent services firms providing Audit, Tax and Advisory services. At the last McBride Village Council meeting on October 22nd, Martineau with KPMG made a presentation regarding a proposed limited partnership between the Village and the McBride Community Forest Corporation. Martineau explained that in August 2022 the federal income tax act changed and the exemption that the village previously relied on no longer exists. The old agreement with the government stated that income from revenue generated from within the boundary of the municipality was exempt. Under the new rules, because the timber is not being sold to the province of British Columbia, that exemption no longer applies. 

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