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The Regulations accomplish this intent by restricting the ownership of private land located outside of a city, town, village, or summer village (which the Act defines as controlled land) by foreign-controlled corporation and non-Canadian individuals, subject to certain exceptions and exemptions.- c3 D. W2 n: L/ g5 \
3 ~. T3 O0 A; S( IWhat Kinds of Interests in Land Are Restricted?
! f. P& z# a; V& t1 YThe Regulations prohibit a foreign-controlled corporation or ineligible person from acquiring, directly or indirectly, an interest in controlled land which consists of more than two parcels, containing more than 20 acres in total. |
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