Transaction Approval Limits and Conditions for the Acquisition or Disposition of Real Property

Under the Federal Real Property and Federal Immovables Regulations, a minister who has the authority for real property may transact in real property without seeking Treasury Board approval when the market value consideration paid or received does not exceed the limits and conditions set out below. Unless specifically mentioned or otherwise previously approved, the general limits apply. Departments seeking to undertake real property transactions under legislation that require Treasury Board and/or Governor-in-council approval must seek these approvals even when the value of the property is less than the limits below.

Custody transfers do not require Treasury Board approval for the real property transaction because they are effected at nominal value.

Value-added taxes (such as the Harmonized Sales Tax (HST) and the Goods and Services Tax (GST)) should be excluded for the purposes of the approval levels. All lease payments made to the landlord are included in the calculation of annual consideration and total consideration.

Organizations that have special limits and conditions for the acquisition and/or disposition of real property are as follows:

Canada Security Intelligence Service
Global Affairs Canada
Crown-Indigenous Relations and Northern Affairs Canada
National Defence
National Research Council Canada
Parks Canada Agency
Public Services and Procurement Canada
Royal Canadian Mounted Police

This repository is managed by the Treasury Board of Canada Secretariat to capture authority limits that have been requested by departments and agencies and approved by the Treasury Board. This repository is not an approval mechanism and is maintained for reference purposes only. In the case of an inconsistency between this repository and the limits and conditions approved by the Treasury Board, the Treasury Board submission proposals and approvals prevail.

General Limits for Acquisitions and Dispositions

These limits apply to all departments or agencies unless replaced by special limits or conditions as specified below.

**General Limits: Acquisition**
Purchase, Gift, Bequest, Transfer of Administration and Control	Exchange	Option to Purchase Land	Lease, Licence, Transfer of Administration and Control for a Specified Term ^{See Table 1 – Note 1}		Transfer of Administration
	Exchange	Option to Purchase Land	Annual Consideration	Total Consideration	Transfer of Administration
Explanatory notes on acquisition conditions: Table 1 – Note 1 The total consideration limit also applies to the acceptance by the Crown of a surrender or resiliation of a lease of federal real property or federal immovable, or acceptance of the relinquishment of a licence. Treasury Board approval is required when the additional gross nominal amount the Crown would have received, had the tenant stayed for the duration of the lease or licence, exceeds the limit. The market rent at the time of the acceptance or surrender, resiliation or relinquishment should be part of the justification for the consideration received. Return to Table 1 – Footnote 1 referrer Table 1 – Note 2 Also includes the transfer of administration of a lease and transfer of administrative responsibility for a licence. Return to Table 1 – Footnote 2 referrer
$500,000	$500,000	$20,000	$40,000	$400,000	$500,000 ^{See Table 1 – Note 2}

**General Limits: Disposition**
Sale / Option to Sell, Transfer of Administration and Control ^{See Table 2 – Note 1}	Exchange	Lease, Licence, Transfer of Administration and Control for a Specified Term ^{See Table 2 – Note 2}		Transfer of Administration
	Exchange	Annual Consideration	Total Consideration	Transfer of Administration
Explanatory notes on disposition conditions: Table 2 – Note 1 The option to sell must expire within six months. Return to Table 2 – Footnote 1 referrer Table 2 – Note 2 The total consideration limit also applies to the acceptance by the Crown of a surrender or resiliation of a lease of federal real property or federal immovable, or acceptance of the relinquishment of a licence. Treasury Board approval is required when the additional gross nominal amount the Crown would have received, had the tenant stayed for the duration of the lease or licence, exceeds the limit. The market rent at the time of the acceptance or surrender, resiliation or relinquishment should be part of the justification for the consideration received. Return to Table 2 – Footnote 2 referrer Table 2 – Note 3 Sale to Canada Lands Company Limited. Return to Table 2 – Footnote 3 referrer Table 2 – Note 4 Sale or transfer to any other party. Return to Table 2 – Footnote 4 referrer Table 2 – Note 5 Also includes the transfer of administration of a lease and transfer of administrative responsibility for a licence. Return to Table 2 – Footnote 5 referrer Table 2 – Note 6 Where the transfer is to the Minister of Crown-Indigenous Relations and Northern Affairs Canada for settlements under negotiation of treaties, self-government and other constructive arrangements. Return to Table 2 – Footnote 6 referrer
$2,500,000 ^{See Table 2 – Note 3} $500,000 ^{See Table 2 – Note 4}	$500,000	$200,000	$2,000,000	$500,000 ^{See Table 2 – Note 5} $1,000,000 ^{See Table 2 – Note 6}

Special Limits for Acquisitions and Dispositions

These special limits for acquisitions and dispositions apply as specified below. For other situations, please consult the general limits for acquisition and disposition.

Crown-Indigenous Relations and Northern Affairs Canada

**Special Acquisition Limits**
Transfer of Administration ^{See Table 3 – Note 1}
Table 3 Notes Table 3 – Note 1 For the acquisition of surplus federal real property for the purpose of negotiation of treaties, self-government and other constructive arrangements. Return to Table 3 – Footnote 1 referrer
$1,000,000

Canadian Security Intelligence Service

**Special Acquisition Limits**
Purchase, Gift, Bequest, Transfer of Administration and Control ^{See Table 3B – Note 1}	Lease, Licence, Transfer of Administration and Control for a Specified Term ^{See Table 3B – Note 1}
Table 3B Notes Table 3B – Note 1 For acquisitions made to pursue security investigations only that the minister determines require a special degree of confidentiality. Return to Table 3B – Footnote 1 referrer
$700,000	Unlimited

**Special Disposition Limits**
Sale / Option to Sell, Transfer of Administration and Control ^{See Table 4 – Note 1}
Table 4 Notes Table 4 – Note 1 For dispositions of property acquired to pursue security investigations that the minister determines require a special degree of confidentiality. Return to Table 4 – Footnote 1 referrer
$700,000

Global Affairs Canada

**Special Acquisition Limits ^{See Table 5 – Note 1}, ^{See Table 5 – Note 2}**
Purchase	Exchange	Lease or Licence ^{See Table 5 – Note 3}
Purchase	Exchange	Annual Consideration	Total Consideration
Table 5 Notes Table 5 – Note 1 The transaction limits expire May 19, 2026. Return to Table 5 – Footnote 1 referrer Table 5 – Note 2 For property outside Canada. Return to Table 5 – Footnote 2 referrer Table 5 – Note 3 The total consideration limit also applies to the acceptance by the Crown of a surrender or resiliation of a lease of federal real property or federal immovable, or acceptance of the relinquishment of a licence. Treasury Board approval is required when the additional gross nominal amount the Crown would have received, had the tenant stayed for the duration of the lease or licence, exceeds the limit. The market rent at the time of acceptance or surrender, resiliation or relinquishment should be part of the justification for the consideration received. Return to Table 5 – Footnote 3 referrer Table 5 – Note 4 For staff quarters. Return to Table 5 – Footnote 4 referrer Table 5 – Note 5 For official residences. Return to Table 5 – Footnote 5 referrer Table 5 – Note 6 For staff quarters and official residences (residential accommodation). Return to Table 5 – Footnote 6 referrer Table 5 – Note 7 For chanceries and for multiple-unit facilities, i.e., official residences, staff quarters, other real property (portion attributable to each unit does not exceed the transaction approval limit for the individual accommodation units). Return to Table 5 – Footnote 7 referrer Table 5 – Note 8 For emergency or national security transactions. Return to Table 5 – Footnote 8 referrer Table 5 – Note 9 For freehold and leasehold staff quarter interests in London, United Kingdom. No annual consideration limit. Return to Table 5 – Footnote 9 referrer
$5,000,000 ^{See Table 5 – Note 4} $10,000,000 ^{See Table 5 – Note 5} $15,000,000 ^{See Table 5 – Note 7}	$1,000,000	$450,000 ^{See Table 5 – Note 4} $650,000 ^{See Table 5 – Note 5} $5,000,000 ^{See Table 5 – Note 7} $6,000,000 ^{See Table 5 – Note 8}	$4,500,000 ^{See Table 5 – Note 4} $6,500,000 ^{See Table 5 – Note 6} $35,000,000 ^{See Table 5 – Note 7} $30,000,000 ^{See Table 5 – Note 8} $3,200,000 ^{See Table 5 – Note 9}

**Special Disposition Limits ^{See Table 6 – Note 1}, ^{See Table 6 – Note 2}**
Sale / Option to Sell	Exchange	Lease, Licence and Sublease ^{See Table 6 – Note 3}
Sale / Option to Sell	Exchange	Annual Consideration	Total Consideration
Table 6 Notes Table 6 – Note 1 The transaction limits expire May 19, 2026. Return to Table 6 – Footnote 1 referrer Table 6 – Note 2 For property outside Canada. Return to Table 6 – Footnote 2 referrer Table 6 – Note 3 The total consideration limit also applies to the surrender or resiliation by the Crown of a lease of real property or immovable, or the relinquishment of a licence. Treasury Board approval is required when the additional gross nominal amount the Crown would have paid, had the Crown stayed for the duration of the lease or licence, exceeds the limit. The market rent at the time of the surrender, resiliation or relinquishment should be part of the justification for the consideration received. Return to Table 6 – Footnote 3 referrer
$25,000,000	$1,000,000	$1,000,000	$10,000,000

National Defence

**Special Acquisition Limits**
Purchase, Gift or Bequest	Lease, Licence, Permit of Occupation, Easement or Right-of-Way ^{See Table 7 – Note 1}
Purchase, Gift or Bequest	Total Consideration
Table 7 Notes Table 7 – Note 1 For leases and licences other than single-family residences and in response to an initial authorized operational deployment abroad. Return to Table 7 – Footnote 1 referrer
$5,000,000	$5,000,000

**Special Disposition Limits**
Sale
Table 8 Notes Table 8 – Note 1 A limit of $6,000,000 for the disposition of real property by sale to an external party. Return to Table 8 – Footnote 1 referrer Table 8 – Note 2 A limit of $15,000,000 for the disposition of real property by sale to Canada Lands Company Limited. Return to Table 8 – Footnote 2 referrer
$6,000,000 ^{See Table 8 – Note 1} $15,000,000 ^{See Table 8 – Note 2}

National Research Council

**Special Acquisition Limits**
Lease
Annual Consideration	Total Consideration
$500,000	$2,500,000

**Special Disposition Limits**
Licence
Annual Consideration	Total Consideration
$400,000	$2,000,000

Parks Canada Agency

**Special Acquisition Limits**
Purchase, Gift or Bequest	Pre-Paid Lease (total consideration) ^{See Table 11 – Note 1}
Table 11 Notes Table 11 – Note 1 Acquisitions by pre-paid lease are limited to transactions involving territorial, municipal and Aboriginal organizations or not-for-profit organizations whose objectives are to advance Aboriginal priorities. Return to Table 11 – Footnote 1 referrer
$3,800,000	$4,000,000

**Special Disposition Limits**
Lease or Licence
Table 12 Notes Table 12 – Note 1 $8,400,000 total consideration for dispositions by lease or licence, and an exemption from the general limit of $150,000 annual consideration. Return to Table 12 – Footnote 1 referrer
$8,400,000 total consideration ^{See Table 12 – Note 1}

Public Services and Procurement Canada

**Special Acquisition Limits**
Purchase, Gift or Bequest	Exchange	Option to Purchase Land	Lease or Licence (total consideration)
Table 13 Notes Table 13 – Note 1 For purchase of property for PSPC program purposes. Return to Table 13 – Footnote 1 referrer Table 13 – Note 2 For purchase of property for non-PSPC program purposes. Return to Table 13 – Footnote 2 referrer Table 13 – Note 3 For gift or bequest. Return to Table 13 – Footnote 3 referrer Table 13 – Note 4 For property within Canada. Return to Table 13 – Footnote 4 referrer Table 13 – Note 5 For option to acquire an interest in real property in Canada. Return to Table 13 – Footnote 5 referrer Table 13 – Note 6 For lease or licence with private sector and non-agent Crown corporations: total consideration for real property in Canada. Return to Table 13 – Footnote 6 referrer
$36,000,000 ^{See Table 13 – Note 1} $1,900,000 ^{See Table 13 – Note 2} $6,000,000 ^{See Table 13 – Note 3}	$1,000,000 ^{See Table 13 – Note 4}	$600,000 ^{See Table 13 – Note 5}	$53,000,000 ^{See Table 13 – Note 6}

**Special Disposition Limits**
Sale / Option to Sell	Exchange	Lease, Licence (total consideration)
Table 14 Notes Table 14 – Note 1 For properties within Canada. Return to Table 14 – Footnote 1 referrer Table 14 – Note 2 For lease or licence with private sector and non-agent Crown corporations for PSPC office accommodation. Return to Table 14 – Footnote 2 referrer Table 14 – Note 3 Total consideration for a disposition of real property related to non-PSPC program purposes. Return to Table 14 – Footnote 3 referrer
$15,000,000	$1,000,000 ^{See Table 14 – Note 1}	$30,000,000 ^{See Table 14 – Note 2} $6,500,000 ^{See Table 14 – Note 3}

Royal Canadian Mounted Police

**Special Acquisition Limits**
Purchase, Gift, Bequest, Transfer of Administration, and Transfer of Administration and Control	Exchange	Lease and Licence: Transfer of Administration and Control
	Exchange	Annual Consideration	Total Consideration
Table 15 Notes Table 15 – Note 1 For acquisitions made to pursue security or criminal investigations that the minister determines require a special degree of confidentiality. These limits do not expire. Return to Table 15 – Footnote 1 referrer Table 15 – Note 2 For leases and licences with provinces, municipalities and local airport authorities. Return to Table 15 – Footnote 2 referrer Table 15 – Note 3 For leases and licences with the private sector. Return to Table 15 – Footnote 3 referrer
$2,000,000	$2,000,000	Unlimited ^{See Table 15 – Note 1} $1,200,000 ^{See Table 15 – Note 2} $1,000,000 ^{See Table 15 – Note 3}	Unlimited ^{See Table 15 – Note 1} $12,000,000 ^{See Table 15 – Note 2} $10,000,000 ^{See Table 15 – Note 3}

**Special Disposition Limits**
Sale / Option to Sell, Transfer of Administration, and Transfer of Administration and Control	Exchange
$2,000,000	$2,000,000

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Date modified:: 2024-06-04

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Transaction Approval Limits and Conditions for the Acquisition or Disposition of Real Property

General Limits for Acquisitions and Dispositions

Explanatory notes on acquisition conditions:

Explanatory notes on disposition conditions:

Special Limits for Acquisitions and Dispositions

Crown-Indigenous Relations and Northern Affairs Canada

Table 3 Notes

Canadian Security Intelligence Service

Table 3B Notes

Table 4 Notes

Global Affairs Canada

Table 5 Notes

Table 6 Notes

National Defence

Table 7 Notes

Table 8 Notes

National Research Council

Parks Canada Agency

Table 11 Notes

Table 12 Notes

Public Services and Procurement Canada

Table 13 Notes

Table 14 Notes

Royal Canadian Mounted Police

Table 15 Notes

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