Understanding the Prince Edward Island Lands Protection Act

What is "aggregate land holding"? In the Act, for a person, it includes: (a) all land holdings of that person, and of the person's minor children; (b) the relevant amount of land holdings of any corporation in which the person, or any of them, hold more than 5 percent of the shares; and (c) the relevant amount of land holdings of any other corporation in which more than 5 percent of the shares are held by a corporation in which the shareholder or the shareholder's minor children own more than 5 per cent of the shares.

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