By way of a short recap of this legislation, in November 2020,
the Land Owner Transparency Registry ("LOTR") was
launched by the BC Government to satisfy the requirements under the
Land Owner Transparency Act
("LOTA"). The LOTR requires, all individuals,
corporations, trusts, and other legal entities that own a
beneficial interest in any land located in BC, either directly or
indirectly, to disclose specific information. Selected information
of those with a beneficial interest in property is publicly
available through the LOTR's searchable public database
operated by the Land Title and Survey Authority of British Columbia
("LTSA").
The LOTR requires all relevant corporations, trusts, and
partnerships ("Reporting Bodies") under
LOTA to fill out a land-owner transparency report
("Transparency Report") disclosing the
personal information of all individuals who directly or indirectly
exercise at least 10% voting control over that
entity.
