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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.' `6 ?) o; p: X5 p0 |& i1 S
! f) L* Y4 t# `3 S* A, j8 j! CWhat Kinds of Interests in Land Are Restricted?
4 D$ ~, l$ z+ V, @- Y4 }( ^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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