I-0.4 - Mining Tax Act

Section 10.5 Disposition versions

2015-10-21

10.5. For the purposes of subparagraph f of subparagraph 2 of the fourth paragraph of section 8, if, at the end of a particular fiscal year, an operator is no longer the owner of class 3 property or class 4 property, the amount that the operator is required to deduct in computing its annual earnings from a mine for that particular fiscal year, in respect of property of that class, is equal to the amount by which the aggregate of the amounts referred to in subparagraphs a to d of paragraph 1 of the definition of “undepreciated capital cost” in the first paragraph of section 9, in respect of property of that class, exceeds the aggregate of the amounts referred to in subparagraphs a to h of paragraph 2 of the definition of that expression, up to the portion of the excess amount that is reasonably attributable to the operation of the mine.

1994, c. 47, s. 12; 2011, c. 6, s. 36; 2015, c. 21, s. 60.

2011-06-06

10.5. For the purposes of subparagraph f of subparagraph 2 of the fourth paragraph of section 8, if, at the end of a particular fiscal year, an operator is no longer the owner of class 3 property or class 4 property, the amount that the operator is required to deduct in computing its annual earnings from a mine for that particular fiscal year, in respect of property of that class, is equal to the amount by which the aggregate of the amounts referred to in subparagraphs a to d of paragraph 1 of the definition of “undepreciated capital cost” in section 9, in respect of property of that class, exceeds the aggregate of the amounts referred to in subparagraphs a to h of paragraph 2 of the definition of that expression, up to the portion of the excess amount that is reasonably attributable to the operation of the mine.

1994, c. 47, s. 12; 2011, c. 6, s. 36.

1994-12-21

10.5. For the purposes of subparagraph i of paragraph 2 of section 8, where at the end of a particular fiscal year an operator is no longer the owner of property of the third class, the amount that he is required to deduct in computing his annual profit for that particular fiscal year, in respect of that class, is the amount by which the aggregate of the amounts referred to in subparagraphs a to d of paragraph 1 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 h of paragraph 2 of the definition of that expression.

1994, c. 47, s. 12.