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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.. `1 W7 V3 b9 k6 [2 G2 N+ E
3 v) H6 F5 l3 i7 _7 h( tWhat Kinds of Interests in Land Are Restricted?
( y }1 k" F3 |* c1 q/ SThe 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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