Last year BC introduced a new statute. This statute requires mandatory disclosure regarding beneficial ownership of land in British Columbia. LOTA will require reporting bodies that are registered owners of land in British Columbia as of November 30, 2020, to file a transparency report to disclose beneficial ownership by no later than November 30, 2021. This is aimed at finding out who owns what in a trust or other entity. NOTE…you MUST disclose all you own by the above date.