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

Section 143r2 Disposition versions

2012-09-01

143R2. For the purposes of section 143 of the Act, the amount allowed in respect of taxes on income from mining operations of a taxpayer for a taxation year is the aggregate of all amounts each of which is an eligible tax referred to in the second paragraph that is paid or payable by the taxpayer

(a)  on the income of the taxpayer for the taxation year from mining operations; or

(b)  on a non-Crown royalty included in computing the income of the taxpayer for the taxation year.

An eligible tax is

(a)  a tax, on the income of a taxpayer for a taxation year from mining operations in a province, that is

i.  levied under a law of the province,

ii.  imposed only on persons engaged in mining operations in the province, and

iii.  paid or payable to

(1)  the province,

(2)  an agent or mandatary of Her Majesty in right of the province, or

(3)  a municipality in the province, in lieu of taxes on property or on any interest in property, or any right in property, other than in lieu of taxes on residential property or on any interest, or any right, in residential property; and

(b)  a tax, on an amount received or receivable by a person as a non-Crown royalty, that is

i.  levied under a law of a province,

ii.  imposed specifically on persons who hold a non-Crown royalty on mining operations in the province, and

iii.  paid or payable to the province or to an agent or mandatary of Her Majesty in right of the province.

s. 143R5; O.C. 1981-80, s. 143R5; R.R.Q., 1981, c. I-3, r. 1, s. 143R5; O.C. 1116-2007, s. 18; O.C. 134-2009, s. 1.