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Managing forests and forest products has substantial potential to help mitigate climate change but the cost has not been extensively examined in Canada. We estimated the cost of seven forest-related mitigation strategies in Canada's 230 million hectares of managed forest, divided into 32 spatial units. For each strategy and spatial unit, we determined forest sector mitigation cost per tonne (t) using estimated impacts on forest sector greenhouse gas emissions and removals and net revenue. National cost curves showed that mitigation averaged 11.0 Mt CO2e·year-1 in 2015-2050 at costs below $50·t CO2e-1 for a strategy of increased recovery of harvested biomass, increased salvage, extraction of harvest residues for bioenergy, and increased production of longer lived products. We also examined national portfolios in which the strategy selected for each spatial unit (from among the seven examined) was chosen to maximize mitigation or minimize costs. At low levels of mitigation, portfolios chosen to minimize costs were much cheaper than those that maximized mitigation, but overall, they yielded less than half the total mitigation of the latter portfolios. Choosing strategies to maximize mitigation in 2015-2050 yielded an average of 16.5 Mt·year-1 at costs below $50·t CO2e-1. Our analysis suggests that forest-related strategies may be cost-effective choices to help achieve long-term emission reductions in Canada. [ABSTRACT FROM AUTHOR]