Understanding the Prince Edward Island Lands Protection Act

Growth We know that any increase(s) in land holdings for any component of the deemed corporation (i.e. Potato Co., Organic Co., or Carrot Co.) or any increase in Jack's personal land holding, will increase his aggregate land holding, so at 976.00 acres, he doesn't have a lot of room to grow any of these operations. Unless of course there was a reorganization of any of these corporations, reducing his ownership percentage. Something like that would change his "relevant amounts" that we referred to earlier...

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