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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.7 P# Q" s+ C; W8 q5 i7 x
% x1 i- @& A$ u6 k5 u, j/ v$ OWhat Kinds of Interests in Land Are Restricted?
6 D7 Z; c2 F6 @$ J* {! uThe 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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