Effective September 20, 2020, the B.C.'s Land Owner
Transparency Act (LOTA) was introduced to increase the knowledge of
land ownership in the province in an attempt to prevent tax
evasion, fraud, and money laundering.
A public registry was created listing certain registered owners
of land within the province of British Columbia, including certain
individuals, relevant corporations, trusts, and partnerships who
were registered owners of an "interest in land" prior to
November 30, 2020, and who continue to own that land.
If you are considered a "registered owner of land" as
defined by the B.C. government, you are required to file a
Transparency Report in accordance with the LOTA by November 30,
2022.
