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British Columbia Land Owner Transparency Act takes effect

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EY Canada

7 Oct. 2020
Subject Tax alert
Categories 2020 Tax Alerts
Jurisdictions Canada

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Tax Alert No. 49, 7 October 2020

On 30 September 2020, British Columbia filed a regulation bringing into force the Land Owner Transparency Act (LOTA), beginning 30 November 2020. The LOTA establishes a registry of beneficial ownership of real property in British Columbia, administered by the Land Title and Survey Authority. The first transparency reports required from preexisting owners of land must be filed by 30 November 2021.

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