Prohibition on the Purchase of Residential Property by Non-Canadians Regulations

Marginal note:Non-Canadian — prescribed entities

2 For the purposes of paragraph (d) of the definition non-Canadian in section 2 of the Act, the following entities are prescribed:

• (a) an entity formed otherwise than under the laws of Canada or a province; and

• (b) an entity formed under the laws of Canada or a province – whose shares or ownership interests are not listed on a stock exchange in Canada for which a designation under Section 262 of the Income Tax Act is in effect – and controlled by an entity referred to in paragraph (a) or controlled by a person referred to in paragraph (a), (b) or (c) of the definition non-Canadian in section 2 of the Act.