The first-of-its kind in Canada, the Land Owner Transparency Registry (LOTR) is a registry of information about individuals who are deemed to have an indirect interest in land as defined in section 1 of LOTA (e.g. through corporations, trusts and partnerships) which is housed in a searchable, public database.
As of November 30, 2020, the Land Owner Transparency Act (LOTA) requires that when an application is made to register an interest in land as defined in section 1 of LOTA, a transparency declaration must be filed to the LOTA Administrator by the transferee(s). A transferee that is a reporting body must also complete and file a transparency report setting out the information about the reporting body and its interest holders. Existing reporting bodies with an interest in land will need to file a transparency report by November 30, 2022. The administrator will maintain all filed transparency declarations and transparency reports in the LOTR in accordance with rules established in LOTA.
Below is the first page of the 23-page
that must be filed with every B.C. residential transaction on or after November 30, 2022.