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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.5 j5 [, s8 J" {1 }) R1 w5 D
6 E' Q7 ^2 {- z0 N9 ~3 I/ ] NWhat Kinds of Interests in Land Are Restricted?3 F9 }. M9 K& o" q' y! `6 F" C, ?
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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