4 April 2016 Internal T.I. 2016-0625241I7 F - Application of section 207.31 -- summary under Paragraph 110.1(1)(d)

Respecting a proposed disposition of ecologically sensitive land by a municipality without authorization of the Minister of the Environment, which previously had been donated to it under the s. 110.1 ecological gift rules, CRA confirmed that the s. 207.31 tax would apply even if the (corporate) donor had not claimed a s. 110(1)(d) deduction for the gift, stating that s. 207.31’s purpose is “to ensure the long term protection of ecologically sensitive land.”