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

Section 360r7 Disposition versions

2012-09-01

360R7. For the purposes of section 360R6, the following rules must apply:

(a)  the expense referred to therein does not include an amount included therein that is in respect of financing;

(b)  the Canadian exploration and development expense referred to therein or an expense that would have been a Canadian exploration and development expense if it had been incurred after 31 December 1971 does not include the cost of any Canadian resource property acquired by a joint exploration corporation or any property acquired by such a corporation that would have been a Canadian resource property if it had been acquired by the corporation after 31 December 1971; and

(c)  the Canadian development expense referred to therein does not include an amount referred to in paragraph c of section 408 of the Act.

s. 360R5; O.C. 1981-80, s. 360R5; R.R.Q., 1981, c. I-3, r. 1, s. 360R5; O.C. 2509-85, s. 7; O.C. 1707-97, s. 98; O.C. 134-2009, s. 1.