Land Owner Transparency Report Requirement

Did you know that all corporations, trusts, and partnerships that beneficially owned land prior to November, 2020, must file a Land Owner Transparency Report by November 30, 2021?

The penalties for failing to do so can be substantial - the greater of $50,000 or 15% of the assessed value of the property. (For real property acquired since November 2020, the LOTR will have been filed with the transfer documents at the time of purchase.)

In most cases this Report will need to be filed by your lawyer. We cannot provide advice on this, but for those required to do so, it is extremely important that this Report is filed by the end of November. If you have not filed the Report, or are unsure whether or not you need to, please seek advice from your lawyer. Further information can be found at Land Owner Transparency Registry (LOTR) (

Small Business Loans – Apply Here

In addition to our regular loans EKC has an online application to expediate applications. You will need to use Adobe Reader to complete this form.

Business Term Loans

Whether your business needs a new building, new equipment, a new vehicle, or a total makeover, a business term loan from East Kootenay Community Credit Union can help bridge the gap.

Our term loans feature:
  • terms of 1-5 years
  • fixed or variable interest rates
  • flexible repayment terms

A term loan can be a great way to:

  • establish or purchase a new business
  • purchase, renovate, alter, expand, or construct commercial premises for your business
  • purchase, install, renovate, or repair equipment/machinery (movable or immovable), including heavy equipment/machinery
  • increase inventory and/or cover operating expenses (with variable interest rate)

Call or stop by East Kootenay Community Credit Union to find out how a business term loan can help your business.

Canada Small Business Financing Program

Find a loan for your small business
This is a loan program in collaboration with financial institutions. If you are looking for other government financial incentives including grants or general information for small businesses, please access the Canada Business Network.

What can loans be used for under this program?
To finance the cost of:

  • purchasing or improving land and buildings used for commercial purposes
  • purchasing new or existing renovations to premises occupied by the business as a tenant
  • purchasing or improving new or used equipment (including commercial vehicles)
Learn more at