A-18.1, r. 6 - Regulation respecting the method for assessing the annual royalty and the method and frequency for assessing the market value of standing timber purchased by guarantee holders pursuant to their timber supply guarantee

Section 4.0.10 Disposition versions

2022-03-31

4.0.10. The amount of the reimbursement for minor or under‑represented species or groups of species is calculated using the following formula:

V = (18% A) × W, where

(1)  “V” is the amount of the reimbursement associated with minor or under‑represented species or groups of species;

(2)  “A” is the adjusted average market value of standing timber per cubic metre used to calculate the annual royalty, calculated in accordance with the first or second paragraph of section 2;

(3)  “W” is the volume of timber belonging to minor or under‑represented species or groups of species that the holder has not waived and for which the holder was not billed for the harvest year.

O.C. 168-2022, s. 2.