Forestry Futures Trust Ontario

The Trust Fund is currently managed by RBC Dexia Investor Services Trust; Trust funds are allocated to successful applicants under the direction of the Forestry Futures Trust Committee. Members of the Committee, including the Chair are appointed by the Minister for up to three years, and appointment may be renewed. The funds for the Trust are generated via charges on harvest volume paid by Sustainable Forest Licensees and other harvest licence holders. The Trust was established under the authority of an amendment to the Crown Timber Act on 1994; that amendment was subsequently carried forward in Part V of the Crown Forest Sustainability Act (1994). Purpose of the Fund The Forestry Futures Trust shall, according to Section 51 of the Crown Forest Sustainability Act, provide for the following matters on such terms and conditions as may be specified by the Minister: - The funding of silvicultural expenses in Crown forests where forest resources have been killed or damaged by fire or natural causes. - The funding of silvicultural expenses on land that is subject to a forest resource licence, if the Licensee becomes insolvent. - The funding of intensive stand management and pest control in respect of forest resources in Crown forests. - Such other purposes as may be specified by the Minister. Other purposes specified by the Minister for which Trust funds have been used include: - Independent Forest Audit Program - Forest Resource Inventory - Tenure Modernization: SFL Conversion, Local Forest Management Company (LFMC), - SFL Conversion to Cooperative Initiative - Far North Forestry Development Initiative - Enhanced Forest Productivity Science Program