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ARTICLE · 05 NOVEMBER 2021

LOTA Has Landed: Five Tips For A Successful Filing

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Blake, Cassels & Graydon LLP

Blake, Cassels & Graydon LLP

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Under B.C.'s Land Owner Transparency Act (LOTA), with limited exceptions, every corporation, partnership and trustee with a registered interest in land in the province will have to file...

CanadaReal Estate and Construction
Blakes Commercial Real Estate Group
Blakes Commercial Real Estate Group
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Under B.C.'s Land Owner Transparency Act (LOTA), with limited exceptions, every corporation, partnership and trustee with a registered interest in land in the province will have to file a transparency report by November 30, 2022. LOTA aims to identify the individual interest holders that ultimately own or control land in B.C. and disclose them in a public registry.

Below are some tips to consider for a smooth and successful filing:

  1. Start early. The best time to start thinking about your LOTA obligations was yesterday. Reviewing ownership structures, collecting information and preparing transparency reports takes time. With the November 30 deadline rapidly approaching, all businesses should turn their attention to these filings now to avoid potential penalties and fines. Many businesses have already started.

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