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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 M" s1 W0 ?( z* C4 G) \
9 l1 Y/ d1 @! nWhat Kinds of Interests in Land Are Restricted?
- ~/ h1 C D! a" s6 qThe 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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