Executive summary
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 (LTSA). The first transparency reports required from preexisting owners of land must be filed by 30 November 2021.
Detailed discussion
The purpose of the LOTA
The disclosure requirements and e…