Mergers And Acquisitions In Saskatchewan – A Few Things You Should Know

Whether you are an out-of-province purchaser considering an acquisition in Saskatchewan or a business operating in Saskatchewan considering a sale or acquisition, this article offers a quick summary of some common issues for mergers and acquisitions in Saskatchewan.

Farm Land Security Board

The Farm Land Security Board is responsible for administering The Saskatchewan Farm Security Act (the "Act"). The focal point of the Act is that a "Non-Canadian-owned entity" or a "non-resident person," as those terms are defined in the Act, is restricted from acquiring an interest in farmland in Saskatchewan unless an exemption from the Farm Land Security Board is granted.

It is important to note that the Act is drafted broadly to make the legislation expansive. For example, "farmland" includes land that is used or capable of being used for the purposes of farming, a "Non-Canadian-owned entity" or a "non-resident person" essentially consists of any entity or person not