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  • A foreign company principally engaged in real property activities



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    The foreign company must be principally engaged in actively carrying on one or more activities connected with real property.

    The specified activities are:

    • construction
    • development of real property through capital improvement
    • receipt of rental income from commercial real property owned by the foreign company where the management, maintenance and security services for the commercial property are principally provided by directors or employees of the foreign company or by a wholly owned subsidiary that is principally engaged in providing those services through its directors and employees
    • provision of management services through directors or employees of the foreign company
    • acting as agent for the sale or purchase of commercial real property. [subparagraph 511(b)(ii)]
    Last modified: 27 May 2005QC 17512