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

Section 360r100 Disposition versions

2012-09-01

360R100. Where there is an amalgamation of a particular corporation with another corporation and subsection 4 of section 544 of the Act applies to the new corporation or where the property of a subsidiary is attributed to its parent during the winding-up of the subsidiary and section 565.1 of the Act applies to the parent, the new corporation or the parent, as the case may be, is deemed to be the same corporation as the particular corporation or the subsidiary, as the case may be, and to continue its corporate existence for the purposes of

(a)  computing the mining exploration depletion, within the meaning of sections 360R31 to 360R33, the depletion for oil and gas exploration, within the meaning of sections 360R37 to 360R39, the earned depletion base, the exploration account, within the meaning of sections 360R66 and 360R67, and the additional depletion, within the meaning of sections 360R84 to 360R86, of the new corporation or the parent, as the case may be; and

(b)  determining the amounts that may be deducted under section 360R18 in computing the income of the new corporation or the parent, as the case may be, for a particular taxation year.

s. 360R58; O.C. 2962-82, s. 66; O.C. 500-83, s. 66; O.C. 2509-85, s. 31; O.C. 91-94, s. 43; O.C. 35-96, s. 68; O.C. 1707-97, s. 98; O.C. 134-2009, s. 1.