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

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4.0.11. The amount of the reimbursement for hardwood species or groups of species to a rotary‑cutting enterprise operated by a holder is calculated using the following formula:
X = (18% A) × Y, where
(1)  “X” is the amount of the reimbursement associated with the hardwood species or groups of species of a rotary‑cutting enterprise;
(2)  “A” is the adjusted average market value of standing timber used to calculate the annual royalty, calculated in accordance with the first or second paragraph of section 2;
(3)  “Y” is the volume of timber belonging to hardwood species or groups of species of the rotary‑cutting enterprise operated by the holder, that the holder has not waived and for which the holder was not billed for the harvest year.
O.C. 168-2022, s. 2.