This morning, the Province posted an Information Bulletin announcing
that the mandatory filing deadline for pre-existing owners of
certain interests in land to file a report with the Land Owner
Transparency Registry (LOTR) will be extended by
12 months, from November 30, 2021 to November 30,
2022.
As previously noted, the Land Owner Transparency Act
(LOTA) introduced new reporting requirements on
certain British Columbia land owners (particularly if they are a
corporation, partnership, or trust, including a nominee/bare trust)
to disclose the ultimate individual beneficial or indirect owners
of their land. LOTA impacts many land owners, as well as some
tenants with registered leasehold interests, requiring the filing
of transparency reports with LOTR that include identifying
information about the registered owner as well as those individuals
who beneficially or indirectly hold, directly or indirectly, the
applicable interest in land. Filings will be accessible to
