Understanding the Prince Edward Island Lands Protection Act

For a corporation, it includes: (a) all land holdings of THAT corporation; (b) all land holdings of any person, and of the person's minor children, who holds more than 5 per cent of the shares in THAT corporation; (c) all land holdings of any other corporation that holds more than 5 per cent of the shares in THAT corporation; and (d) the relevant amount of land holdings of any other corporation in which more than 5 per cent of the shares are held by: ● THAT corporation; a person referred to in (b); or a corporation referred to in (c)

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