Understanding the Prince Edward Island Lands Protection Act

What does relevant amount mean? The relevant amount is determined by multiplying the total land holding of a corporation by the percentage of ownership in that corporation by any shareholder. So, for the purposes of calculating aggregate land holding, if a corporation has a total land holding of 100 acres and an individual owns 50 of the 100 issued shares of that corporation, with 50% ownership of that corporation his/her relevant amount would be 50 acres towards his/her aggregate land holding (50% of 100 acres).

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