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

Section 360r53 Disposition versions

2012-09-01

360R53. A property mentioned in paragraph d of section 360R48 does not include a property that the taxpayer did not acquire mainly for the purpose of processing in Canada:

(a)  ore, other than iron ore or tar sands ore, from a resource referred to in the second paragraph, to a stage that is not beyond the prime metal stage or its equivalent;

(b)  iron ore from a resource referred to in the second paragraph, to a stage that is not beyond the pellet stage or its equivalent; or

(c)  tar sands ore from a resource referred to in the second paragraph, to a stage that is not beyond the crude oil stage or its equivalent.

A resource referred to in any of subparagraphs a to c of the first paragraph is

(a)  a qualified resource; or

(b)  an exporting resource, if the processing described in those paragraphs is beyond the furthest stage to which such ore or similar ore from that resource was ordinarily processed in Canada before the acquisition of the property referred to in the first paragraph.

s. 360R23; O.C. 1981-80, s. 360R23; R.R.Q., 1981, c. I-3, r. 1, s. 360R23; O.C. 2962-82, s. 54; O.C. 500-83, s. 54; O.C. 2509-85, s. 24; O.C. 1707-97, s. 98; O.C. 134-2009, s. 1.