Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
Version of section 39.5 from 2016-06-30 to 2021-05-31:
39.5 (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(2) [Repealed, SOR/2016-153, s. 30]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
- Date modified: