If you are registering an interest in land on November 30, 2020, see the requirements below published by the Land Owner Transparency Registry.
As of November 30, 2020, the Land Owner Transparency Act (LOTA) will require corporations, trusts and partnerships to which the legislation applies to file a transparency declaration and a transparency report with the LOTA administrator to disclose beneficial ownership. Failure to comply will result in the land title registry refusing the registration and may also result in fines.
Further information, including upcoming webinars and other support resources, may be found on the Land Owner Transparency Registry's website.
Online forms for the Land Owner Transparency Registry (LOTR) will be available in myLTSA beginning early morning (i.e. 12:01am) on Monday, November 30, 2020.
Transparency declarations and transparency reports cannot be certified by the reporting body prior to this date when section 25 of the Land Owner Transparency Act (LOTA) comes into force.
Legal professionals who are completing a transfer of interest (e.g. a real estate purchase) on November 30, 2020 are required to have a certifier for each transferee available to sign LOTR documents on that day. An execution copy or a true copy of the execution copy is needed for the designate to apply their electronic signature:
- The designate can prepare electronic copies of the transparency declaration and transparency report and email them to the certifier of the reporting body;
- The certifier can print and ‘wet ink’ sign those forms, then scan and email the certified forms back to the designate.
- Once the designate has an execution copy or true copy of the transparency records in their possession, only then can the designate apply an electronic signature to the online form(s) and submit the application to the Registrar at the Land Title Office.
In order to apply an electronic signature to LOTR transparency forms, designates must install a Juricert Digital Certificate in myLTSA.
Once this one-time process is complete, designates can electronically sign the forms when logged into myLTSA. Additional information about the process for certification and designates' electronic signature is posted on landtransparency.ca.