### I-0.4 - Mining Tax Act

10.2. The amount that an operator is required to include in computing its annual earnings from a mine for a particular fiscal year, under subparagraph e of subparagraph 1 of the fourth paragraph of section 8, in respect of class 1 property or class 2 property, is equal to the proportion of the amount determined under the second paragraph that the use of the property of the class that is reasonably attributable to the operation of the mine for the particular fiscal year is of the total use of that property in that fiscal year.
The amount referred to in the first paragraph is equal to the amount by which the aggregate of the amounts referred to in subparagraphs a to h of paragraph 2 of the definition of “undepreciated capital cost” in the first paragraph of section 9, in respect of the class, exceeds the aggregate of the amounts referred to in subparagraphs a to d of paragraph 1 of the definition of that expression.
1994, c. 47, s. 12; 2011, c. 6, s. 33; 2015, c. 21, s. 57.
10.2. The amount that an operator is required to include in computing its annual earnings from a mine for a particular fiscal year, under subparagraph e of subparagraph 1 of the fourth paragraph of section 8, in respect of class 1 property or class 2 property, is equal to the proportion of the amount determined under the second paragraph that the use of the property of the class that is reasonably attributable to the operation of the mine for the particular fiscal year is of the total use of that property in that fiscal year.
The amount referred to in the first paragraph is equal to the amount by which the aggregate of the amounts referred to in subparagraphs a to h of paragraph 2 of the definition of “undepreciated capital cost” in section 9, in respect of the class, exceeds the aggregate of the amounts referred to in subparagraphs a to d of paragraph 1 of the definition of that expression.
1994, c. 47, s. 12; 2011, c. 6, s. 33.
10.2. The amount that an operator is required to include in computing his annual profit for a particular fiscal year under subparagraph c of paragraph 1 of section 8 in respect of the first or second class, is the proportion of the amount determined under the second paragraph that the use of the property for the purposes of the operator’s mining operation for the particular fiscal year is of the total use of the property of the class in that fiscal year.
The amount referred to in the first paragraph is the amount by which the aggregate of the amounts referred to in subparagraphs a to h of paragraph 2 of the definition of “undepreciated capital cost” in section 9, in respect of the class, exceeds the aggregate of the amounts referred to in subparagraphs a to d of paragraph 1 of the definition of that expression.
1994, c. 47, s. 12.