Sustainable forest management requires accurate estimates of wood volume. At present, red pine (Pinus resinosa Sol. ex Aiton) is the most widely planted conifer tree species in southern Ontario, Canada. Therefore, inside and outside bark volume equations were developed for red pine trees grown in plantations. One hundred and fifty red pine trees were sampled from 30 even-aged plantations from across Ontario, Canada. Height-diameter pairs along the boles of sampled trees used to calculate stem volumes were obtained from stem analysis. Equations fitted to the data were a combined variable, modified combined variable, and modified form of dimensionally compatible volume equations. These equations were compared for their goodness-of-fit statistics, logical consistency, and predictive accuracy. The goodness-of-fit characteristics for all three equations were comparable for both inside and outside bark volumes. However, the estimated values for the intercept for the modified form of the dimensionally compatible and modified combined variable volume equations were negative and nonsignificant. The combined variable volume equation resulted in logically consistent parameter estimates in the presence of random effects parameters. Therefore, this equation was selected as the inside and outside bark volume equation for red pine trees grown in plantations. A nonlinear mixed-effects modeling approach was applied in fitting the final volume equation that included a weight (power function) to address heteroscedasticity. The equations developed here can be used to calculate inside and outside bark volumes of red pine plantations in boreal forests in Eastern Canada. These equations would require both diameter at breast height (DBH) and total height values in meters.