Notice to the Profession
October 07, 2020

From the Lawyers Indemnity Fund

Land Owner Transparency Registry in force November 30, 2020

When registering an interest in land on or after 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.

For more information about the new requirements and the entities that must report, see the Land Owner Transparency Registry's website, which includes upcoming webinars and other support resources.