Post AW5GnGmonWd0mMQD7A by Andrii@we.1being.org
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 (DIR) Post #AW5GOJX3S5oo3U9HGa by Andrii@we.1being.org
       2023-05-27T15:07:13.004111Z
       
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       The Prince Edward Island (PEI) Land Protection Act is a piece of legislation unique to PEI, which restricts the maximum amount of land that can be owned by an individual or corporation. It was first enacted in 1982, with a key objective of preserving the province's farmland.As of my last update in September 2021, the Act restricts ownership by a single person to 1,000 acres of land, and by a corporation to 3,000 acres. These amounts are decreased if the land is classified as 'arable' or suitable for cultivation. The Act also stipulates that any land owned directly or indirectly by non-residents cannot exceed 5 acres or a shore frontage of 165 feet without permission.There are also restrictions on land ownership based on the aggregate interests of shareholders in a corporation. This is to prevent the evasion of land ownership restrictions through the creation of multiple corporations. The Act thus also considers the residency status of corporation shareholders.Any purchase or lease of land that would exceed these limits requires the approval of the Island Regulatory and Appeals Commission (IRAC). This body reviews applications for such transactions and makes recommendations to the provincial government.
       
 (DIR) Post #AW5GnGmonWd0mMQD7A by Andrii@we.1being.org
       2023-05-27T15:11:44.267842Z
       
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       The Land Protection Act of Prince Edward Island (PEI) is the outcome of several decades of discussion and debate about land ownership and use on the island. The Act was a response to a unique combination of social, economic, and geographical factors, which made the issue of land ownership particularly important in PEI.In the 1960s and 70s, concerns began to rise about the consolidation of farm land into fewer hands and the purchase of land by non-residents, particularly for recreational and retirement properties. These trends were seen as threatening the viability of small-scale farming and the character of rural communities.In 1972, the provincial government appointed a Royal Commission on the Land, led by Horace Carver, a local lawyer and farmer. The commission was tasked with conducting a comprehensive review of land ownership and use in the province. It held public hearings across the province and solicited written submissions from the public.In its report, the commission highlighted several concerns, including the concentration of land ownership, the loss of farmland to non-farm uses, and the impact of non-resident ownership on rural communities. It recommended a number of measures to address these issues, including the introduction of land ownership limits.The Land Protection Act was introduced in 1982 and has been amended several times since then. The Act is administered by the Island Regulatory and Appeals Commission (IRAC), an independent quasi-judicial body that is responsible for overseeing land transactions and ensuring compliance with the Act.The introduction of the Act and its subsequent amendments involved considerable public consultation and debate. The Act has generally been supported by the public, although it has also been controversial at times, particularly in relation to the restrictions on non-resident ownership.It's important to note that the Land Protection Act is a provincial law, reflecting the constitutional division of powers in Canada, which assigns responsibility for property and civil rights to the provinces.