I do not know all the fine details of the regulations regarding fractional ownership, however, it's my understanding that the rules in Canada are significantly different than in the US. As a result, it is not feasible for NetJets to start operations in Canada.
It is difficult for anyone to start an air service in the Peoples Socialist Republic of Knanada.
To many bureaucrats and to high a tax structure....Even one of Canada's ex Prime Ministers operates his business off shore.
Shouldn't that tell you everything you need to know about that subject?