New limits imposed on foreign investors seeking to acquire farmland in Quebec
Near the end of the 1970s, the Quebec National Assembly recognised the need for a law to regulate the specific problem of foreign ownership of farm land, which was becoming more and more common.
As a result, an act respecting the acquisition of farmland by non-residents was adopted on 21 December 1979. The purpose of the act is to control the acquisition of any type of farmland by a person who is not resident in Quebec. The Commission de protection du territoire agricole is responsible for overseeing the implementation of the act. A person who is not resident in Quebec may not, directly or indirectly, make an acquisition of farmland without the authorisation of the commission.
The act applies to farmland covering a minimum area of four hectares, south of the 50th parallel north. Geographically, this delimitation draws a line passing north of Chibougamau, but south of Port-Cartier…
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