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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./ K; y2 A9 x/ ^+ X6 r3 g
2 H- Q# e4 g" ^' W( i& O2 |# UWhat Kinds of Interests in Land Are Restricted?
+ U/ y- Y$ a: t* c' y' t5 oThe 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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