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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.& T1 Y- x' B4 ~- J5 W$ V
* \% ^" l1 v' F' SWhat Kinds of Interests in Land Are Restricted?
1 _9 G2 w( C3 ^. H) @( {; AThe 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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