I-3, r. 1 - Regulation respecting the Taxation Act

Section 360r52 Disposition versions

2012-09-01

360R52. The expense referred to in paragraph c of section 360R48 does not include

(a)  the cost of borrowing capital, including a cost incurred before the start of operations of a business that constitutes a Canadian development expense;

(b)  an expense renounced by the taxpayer under section 417 of the Act;

(c)  an amount referred to in paragraph c of section 408 of the Act;

(d)  an amount that, under paragraph d of section 408 of the Act, was for a taxpayer a Canadian development expense if such amount was an expense referred to in paragraph a or c that was incurred by a partnership referred to in that paragraph d; and

(e)  an amount that, by virtue of paragraph e of section 408 of the Act, was for a taxpayer a Canadian development expense if such amount was an expense referred to in paragraph a or c that the taxpayer incurred pursuant to an agreement referred to in paragraph e of section 408 of the Act.

s. 360R22; O.C. 1981-80, s. 360R22; O.C. 3926-80, s. 18; R.R.Q., 1981, c. I-3, r. 1, s. 360R22; O.C. 2962-82, s. 53; O.C. 500-83, s. 53; O.C. 1707-97, s. 98; O.C. 134-2009, s. 1.