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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.$ d4 m. L0 x( D* f
- m* o4 _, h. F4 S$ G8 g) V/ eWhat Kinds of Interests in Land Are Restricted?
# Z4 v% L! a* D1 u" `' ~. D [# ]The 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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