Thank you very much.
Under “Non-application”, which is proposed subsection 4(5), it states:
Subsection (1) does not apply if the non-Canadian becomes liable or assumes liability under an agreement of purchase and sale of the residential property before the day on which this Act comes into force.
Essentially, for anyone who wants to purchase a property, regardless of the big holes in the exemptions the government has talked about with regard to this, and will probably deal with through regulation, none of this matters if the government never puts it into force. Is that correct?