The British Columbia government has extended the deadline for pre-existing owners of real property, to file certain reports with the Land Owner Transparency Registry (LOTR). This filing extension gives “reporting bodies” with an interest in land, more time to file a transparency report.
The revised filing deadline of November 30, 2022, responds to concerns from legal professionals in BC, that pre-existing owners need more time to gather information about ownership and prepare to file to LOTR.
Prior BARBEAU EVANS LLP Articles on LOTR
LANDOWNERS – REQUIREMENT TO FILE DOCUMENTS IN THE LAND OWNER TRANSPARENCY REGISTRY (LOTR)
Land Owner Transparency Registry
LOTR Announcement – Technical Detail
The deadline for pre-existing “reporting bodies” (a relevant corporation, a trustee of a relevant trust, or a relevant partnership who acquired an “interest in land” prior to November 30, 2020 and continues to own an interest) to file a transparency report with the Land Owner Transparency Registry (LOTR) has been extended from November 30, 2021 to November 30, 2022. For more information see the BC government’s Information Bulletin and OIC 600.
This extension does not change the current obligation to file a transparency declaration by a transferee applying to register an interest in land, and if a transferee is a “reporting body”, to also file a transparency report.
For information about the offences and fines for a reporting body’s failure to file a transparency report see: Disclosure by existing landowners. Visit the LOTR’s web page on policy help, the government’s web page for enforcement information and resources regarding interpretation.
Transparency Reports must be filed by a legal professional. If you require assistance completing and filing a Transparency Report, please contact us at 604-688-4900 or by email to Paul Barbeau at paul@barbeau.co or to Morgan Best at morgan@barbeau.co