RTA · New Home Buyer Protection Act
Part 6 — General Provisions
26 Offence and penalty
(a) interferes with or in any manner hinders the Registrar or a
compliance officer in the exercise of the Registrar's or
compliance officer's powers or performance of the
Registrar's or compliance officer's duties under this Act,
(b) knowingly furnishes false or misleading information in any
application under this Act or in any statement, form, report
or return required to be furnished under this Act,
(c) fails to prepare, submit or retain any information that the
person is required by this Act to prepare, submit or retain, or
(d) contravenes
(i) this Act,
(ii) a regulation made under this Act where the regulation
specifies that it is an offence to contravene or fail to
comply with the regulation,
(iii) a term or condition in a licence, authorization or
exemption, or
(iv) a compliance order,
is guilty of an offence and is liable
(e) for a first offence, to a fine of not more than $100 000, and
(f) for a 2nd or subsequent offence, to a fine of not more than
$500 000.
(2) If a corporation commits an offence under subsection (1),
every director, officer or other person who authorized, permitted or
acquiesced in or participated in the commission of the offence is
guilty of the offence and is liable to the fine provided for the
offence, whether or not the corporation has been prosecuted for or
convicted of the offence.
(3) A prosecution for an offence under this Act must be
commenced by the later of
(a) 3 years after the date on which the act or omission that is
alleged to constitute the offence occurred, and
(b) one year after the date on which the Registrar learned of the
act or omission referred to in clause (a).
2012 cN-3.2 s26;2017 c10 s19;2025 c13 s3