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

Section 360r71 Disposition versions

2012-09-01

360R71. For the purposes of this division, the following rules apply:

(a)  where a shareholder corporation is deemed to have incurred Canadian exploration expenses under an election made by a joint exploration corporation pursuant to section 406 of the Act, those expenses are deemed to have been incurred by the shareholder corporation at the time they were incurred by the joint exploration corporation; and

(b)  where a member of a partnership is deemed to have incurred Canadian exploration expenses pursuant to paragraph d of section 395 of the Act, those expenses are deemed to have been incurred by the member at the time when they were incurred by the partnership.

s. 360R34; O.C. 1981-80, s. 360R34; O.C. 3926-80, s. 23; R.R.Q., 1981, c. I-3, r. 1, s. 360R34; O.C. 1707-97, s. 98; O.C. 134-2009, s. 1.