Prohibition on the Purchase of Residential Property by Non-Canadians Regulations (SOR/2022-250)

Marginal note:Definitions

1 The following definitions apply in these Regulations.

Act

Act means the Prohibition on the Purchase of Residential Property by Non-Canadians Act. (Loi)

census agglomeration

census agglomeration means a census agglomeration within the meaning of the Statistics Canada document entitled Standard Geographical Classification (SGC) 2021. (agglomération de recensement)

census metropolitan area

census metropolitan area means a census metropolitan area within the meaning of the Statistics Canada document entitled Standard Geographical Classification (SGC) 2021. (région métropolitaine de recensement)

control

control with respect to a corporation or entity, means

• (a) direct or indirect ownership of shares or ownership interests of the corporation or entity representing 10% or more of the value of the equity in it, or carrying 10% or more of its voting rights; or

• (b) control in fact of the corporation or entity, whether directly or indirectly, through ownership, agreement or otherwise. (contrôle)