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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.' h) M9 {# j7 S& |1 O* n5 M4 [
! X# W" ]* t1 m. N8 \What Kinds of Interests in Land Are Restricted?; y, ]- C7 U% n. G% A/ _) a. @
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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