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Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

Version of section 59 from 2021-06-01 to 2024-03-06:


 A real estate developer is engaged in a business or profession for the purposes of paragraph 5(j) of the Act when they sell a new house, new condominium unit, new commercial or industrial building or new multi-unit residential building to the public, including, if they are a corporation, when they do so on behalf of a subsidiary or affiliate.

  • SOR/2007-122, s. 57
  • SOR/2007-293, s. 20
  • SOR/2016-153, ss. 49, 81(F)
  • SOR/2019-240, s. 36

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