Policy 2.1.10 Administration of Natural Area Protection Tax Exemption Program

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POLICY – 2.1.10 Administration of Natural Area Protection Tax Exemption Program Page 1 
 
Policy: 2.1.10 
Approved By: Trust Council 
Approval Date: September 13, 2002 
Amendment Date(s):  March 12, 2004; December 8, 2006;  
June 15, 2007; March 7, 2013 
Policy Holder: Director of Trust Area Services 
 
ADMINISTRATION OF NATURAL AREA PROTECTION TAX EXEMPTION PROGRAM 
Purpose 
To define policies and procedures that will ensure a fair, effective and coordinated process to implement the 
Islands Trust Natural Area Protection Tax Exemption Regulation in accordance with related policies of Islands 
Trust Council. 
A. Definitions 
(Note: The following definitions are based on the Islands Trust Natural Area Tax Exemption Regulation) 
eligible natural area property means land that meets all the following requirements: 
 (a) it must be in an area designated under section 49.2 of the Islands Trust Act; 
 (b) it must be land in relation to which there is one or more natural area values or 
amenities prescribed under section 53(2)(k) of the Islands Trust Act; 
 (c) it must be subject to a covenant under section 219 of the Land Title Act that relates to 
the protection of values or amenities referred to in paragraph (b) of this definition; 
 (d) the Islands Trust Conservancy Board must be a covenantee in whose favour the 
protection covenant is made; and 
 (e) any other requirements prescribed under section 53(2)(k) of the Islands Trust Act. 
natural area exemption certificate means a certificate under section 49.3 of the Islands Trust Act that 
is in effect. 
protection covenant means a covenant referred to in paragraph (c) of the definition of eligible natural 
area property. 
B. Policy and Procedures 
General 
1. Trust Council will consider the issuance of natural area exemption certificates in parts of the 
Trust Area that have been designated pursuant to section 49.2 of the Islands Trust Act, 
following an application by a landowner, provided an assessment by Islands Trust Conservancy 
Board staff confirms eligibility for NAPTEP and the Islands Trust Conservancy Board is willing to 
hold the required protection covenant. 

 
POLICY – 2.1.10 Administration of Natural Area Protection Tax Exemption Program Page 2 
Application Process 
2. Staff will use the following process for applications for natural area exemption certificates: 
(a) A property owner or agent submits a complete application form, enclosing the Phase 1 
application fee and all information required to assess eligibility for NAPTEP. In order 
for Trust Council to consider issuing a natural area exemption certificate by October 
31
st
 of any year, the applicant must apply by April 1 of that year. 
(b) Islands Trust Conservancy Board staff will complete an initial assessment of the 
application to confirm eligibility according to the Islands Trust Act, the Islands Trust 
Natural Area Protection Tax Exemption Regulation and any written agreements with 
the relevant regional district or municipa

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