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UPDATED Action No Longer Required: Re Communities of Faith and ‘Land Owner Transparency Registry’

4 August 2022: Good News Update!

The Land Owner Transparency Registry submission no longer needs to be completed by communities of faith; we have been granted an exemption to the process so filing is not longer required. You can disregard the email sent July 19, 2022 (and original post below) with the then LOTA requirements and information.

Please be in touch if you have any questions.

Blessings,

Treena Duncan,
Executive Minister

 

The Information Below is Out of Date as Of August 2022.

July 19, 2022

Friends,

I hope that you are enjoying some leisure time during these summer months… now if only the weather would match the season!

Many communities of faith have received a letter requesting that Communities of Faith file with the Land Owner Transparency Registry (see a sample of what that letter may look like here). I have sought legal advice in the matter, and our legal counsel advises that we are required to file. Please note the filing deadline is November 30, 2022 and failure to do so carries steep fines.

What is LOTA?

LOTA is short for the Land Owner Transparency Act which is an act the Province of BC brought in on November 30, 2020 in an effort to combat money-laundering and make land ownership in BC transparent. Often property is registered in the names of corporations or individuals who are holding the property in trust on behalf of someone else. In simplest terms, LOTA requires the disclosure of whoever is the ultimate owner of the property or in the case of corporate owners, whoever are the individuals who have either the direct or indirect interest in that corporate owner.

What is the Land Owner Transparency Registry?

LOTA has created a new registry called the Land Owner Transparency Registry which although it is sperate from the Land Title Registry is administered by the Land Title and Survey Authority of British Columbia. This registry is the first of its kind in Canada. Only the primary identification information is available to the public.

What is Required of Community of Faiths?*

You will note in the correspondence that this filing must happen through legal counsel. The Pacific Mountain Region’s legal counsel, Derpak White Spencer LLP,  is generously offering to file for congregations at a discounted rate of $150 plus disbursements and taxes.

If you wish to access Derpak White Spencer LLP’s services, please email Samantha (st@dwslaw.ca) and send her the following information:

  • your most recent BC Assessment (to provide the legal description of the property)
  • the name and phone number of the Trustee who will sign the reports
  • the address of the Congregation to use on the report

Please note that you free to use any legal service of your choosing.

The regional office will send a reminder message toward the end of September. Please feel free to reach out if you have any questions or concerns.

End of July 19 message.

*Action Now No Longer Required

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