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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.# u7 _5 x+ f+ z2 S& B* ~% N; }
- }. o2 r7 R) i9 G; s2 AWhat Kinds of Interests in Land Are Restricted?
# U2 L# n9 O- W- ?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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