Here in Ontario having a managed forest entitles you to the same better property tax rate that farmers get. Basically 1/3rd of the annual taxes. Unfortunately my 7 acres (2.8 ha) isn't big enough, you need at least 4 hectares of woods (I have about 1).

But I think the point of the program they offer is more for conservation than for incentivizing wood production.

(Softwood exports have ceased to be a healthy industry in Canada a couple decades ago, especially since a long and ugly trade war with the United States which they seemingly won.)