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

Section 360r84 Disposition versions

2012-09-01

360R84. In this division, the additional depletion of a taxpayer at a particular time means an amount equal to the amount by which the aggregate of the following amounts exceeds the amount computed under section 360R85 at that time:

(a)  50% of the expenses incurred by the taxpayer before that time, each of which was the capital cost to the taxpayer of a property that is primary recovery equipment;

(b)  33 1/3% of the expenses incurred by the taxpayer before that time, each of which was the capital cost to the taxpayer of a property that is bituminous sands equipment acquired before 1 January 1981 and which, before it was acquired by the taxpayer, had not been used by any person with whom the taxpayer was not dealing at arm’s length; and

(c)  where the taxpayer is a corporation referred to in section 360R87, any amount required by paragraph a of that section to be added before that time in computing its additional depletion.

s. 360R48; O.C. 1983-80, s. 28; O.C. 3926-80, s. 25; R.R.Q., 1981, c. I-3, r. 1, s. 360R48; O.C. 2962-82, s. 62; O.C. 500-83, s. 62; O.C. 2509-85, s. 30; O.C. 35-96, s. 63; O.C. 1707-97, s. 98; O.C. 134-2009, s. 1.