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

Section 360r96 Disposition versions

2012-09-01

360R96. In this division, an eligible partnership is a partnership all of whose activities consist mainly in mining, oil or gas exploration or the development of a mineral resource, a natural accumulation of petroleum or natural gas or an oil or gas well and which, at the time the expenses referred to in paragraph d of section 395 of the Act are incurred and throughout the 12-month period prior to that time, fulfils the following conditions:

(a)  neither it nor one of its members operates a mineral resource, a natural accumulation of petroleum or natural gas or an oil or gas well; and

(b)  none of its members is a corporation controlled by a corporation that operates a mineral resource, a natural accumulation of petroleum or natural gas or an oil or gas well.

s. 360R56.1; O.C. 1239-86, s. 2; O.C. 91-94, s. 42; O.C. 1707-97, s. 98; O.C. 1466-98, s. 54; O.C. 134-2009, s. 1.