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Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

Version of section 39.5 from 2016-06-30 to 2020-11-17:

  •  (1) Every real estate developer is subject to Part 1 of the Act when

    • (a) in the case of a person or of an entity other than a corporation, they sell to the public a new house, a new condominium unit, a new commercial or industrial building or a new multi-unit residential building; and

    • (b) in the case of an entity that is a corporation, they sell to the public a new house, a new condominium unit, a new commercial or industrial building or a new multi-unit residential building on their own behalf or on behalf of a subsidiary or affiliate.

  • (2) [Repealed, SOR/2016-153, s. 30]

  • SOR/2008-21, s. 7
  • SOR/2016-153, s. 30
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