Did you know individuals and corporations can donate ecologically sensitive lands, related easements, covenants and servitudes to a charity or qualified donee for a tax credit?  Not only will you receive a full tax credit, but you won't pay tax on the capital gain either, as long as you donate to the right organization. 

Under proposed changes in 2000, that could include a Municipality or other government body! (not sure if that passed or not)

In 1995, income limit removed on tax credits

In1997, 25 per cent of capital cost allowance (CCA) recapture allowed - donated property included in net income limit

In 1997, new valuation method for easements

In 2000, reduced capital gains income inclusion by one-half ITA, S. 38(a.2)

How the donation works Gifts of ecologically sensitive land Ecological Gifts Program: Environment Canada CWS Ecological Gifts Program March 15 2010 Consult: Sustainable Development History: Save our Southlands Split receipting / mortgages on property Gifts of shares, stock options & other capital Donate to a registered charity or qualified donee IT 226 Gifts of Residual Property IT 288 Gifts of Capital Property IT 478 CCA Recapture & Terminal Loss Form 1170 Capital Gains/Gifts Eco Sensitive Land Income Tax Act: Ecological Gifts S. 110.1(1)(d) corporation S. 118.1(1) "total ecological gifts" S. 118.1(10.1)-(10.5) determination of value by Minister of Environment S. 118.1(10.5) & (12) Certificate of fair market value S. 38(a.2) Reduced capital gain inclusion S. 43(2) Valuation applies for capital gains purposes S. 207.31 Tax if donee disposes of property