History — 202.15

202.15 (1) Subject to subsection (2), any Canadian is qualified to be the registered owner of a Canadian aircraft. (2) No individual is qualified to be the registered owner of a Canadian aircraft unless the individual is at least 16 years of age. (3) An entity that is not Canadian but is incorporated or formed under the laws of Canada or a province is qualified to be the registered owner of a private Canadian aircraft where (a) the entity provides the Minister with a certified copy of the entity’s certificate of incorporation or other equivalent document issued under the laws of Canada or a province pursuant to which the entity was incorporated or formed; (b) the entity meets the requirements, specified in the Aircraft Marking and Registration Standards , respecting the keeping and preservation of records; (c) the entity meets the reporting requirements specified in the Aircraft Marking and Registration Standards ; and (d) while the aircraft is registered in Canada, the flight time accumulated in Canada by the aircraft is not less than 60 per cent of the flight time accumulated by the aircraft at the end of each six-month period. (4) [Repealed, SOR/2021-152, s. 1] (5) Where an enti…