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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.' p. t: ]1 v4 k5 O% w0 I4 P
& P& C9 I9 y oWhat Kinds of Interests in Land Are Restricted?
' R& I7 i! U( E% S2 ?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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