Exclusions from LOTR
There are limited exclusions to the requirements to file a transparency declaration or a transparency report. Refer to LOTAto determine exclusions and/or requirements in specific circumstances.
Examples of excluded lands are:
- Treaty lands of a Treaty First Nation
- Recognized self-governing First Nations lands (e.g., shíshálh Nation, Nisga’a)
- Reserve lands
Examples of excluded organizations are:
- Public corporations (listed on stock exchanges)
- Strata corporations
- Government bodies
- Charitable trusts
For a full list of those corporations, limited liability companies and trusts that are excluded from the definition of “reporting body,” please see Schedule 1 and 2 of LOTA.
Examples of excluded individuals are:
- Who are shareholders that do not own or control, alone or with others, directly or indirectly, more than 10% of the equity (typically shares) or voting rights; or
- Who do not have the right, directly or indirectly, to appoint or remove a majority of the directors.