Land Owner Transparency Act – Important November 30 Deadline

As of November 30, 2020, any landowner or tenant applying to register certain interests in land (a transfer or certain leases) also had to file a transparency declaration with the Land Owner Transparency Registry ("LOTR"). Each transferee that is a " reporting body" as defined by the Land Owner Transparency Act ("LOTA") also had to file a transparency report with the LOTR along with the transfer or lease.

In addition, existing "reporting bodies" that hold an interest in land acquired prior to November 30, 2020, are required to file a transparency report with the LOTR by November 30, 2021. Reporting bodies includes most companies, limited partnerships and trusts. It is anticipated that the Province will send a letter to corporate reporting bodies in the coming weeks.