Canadian Ownership and Control Determination Regulations, 1984

The Canadian Ownership and Control Determination Regulations, 1984, outline the process for determining a person's Canadian ownership rate and control status. The regulations provide definitions for key terms such as "active member," "applicant," "bearer unit," and "publicly traded class of formal equity." They also establish thresholds for measuring blocks of units, which are used to determine a person's Canadian ownership rate. The regulations apply to all applications filed on or after June 1, 1984, and provide rules for excluding certain types of securities from the determination process. Additionally, they define "equity-relatedness" between persons or entities, taking into account direct equity percentages and relationships by blood, marriage, adoption, or business connections. The regulations aim to ensure that ownership and control determinations are made in a fair and transparent manner, consistent with Canadian law.