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

Section 360r62 Disposition versions

2012-09-01

360R62. The amount to which paragraph d of section 360R61 refers that may not be exceeded is the amount equal to the part of the income of the transferor for the year referred to in that paragraph, before any deduction under section 88.4 of the Act respecting the application of the Taxation Act (chapter I-4) or under Chapter X of Title VI of Book III of Part I of the Act, that may reasonably be attributed, as the case may be, to

(a)  the production from Canadian resource properties owned by the transferor immediately before the time referred to in section 360R61;

(b)  the disposition, during the year referred to in that paragraph d, of Canadian resource properties owned by the transferor immediately before the time referred to in section 360R61; and

(c)  such processing as is described in subparagraph ii or iii of paragraph b of section 360R21 or in subparagraph ii of paragraph b of section 360R25 with property owned by the transferor immediately before the time referred to in section 360R61.

s. 360R28.2.1; O.C. 91-94, s. 35; O.C. 35-96, s. 55; O.C. 1454-99, s. 62; O.C. 1451-2000, s. 13; O.C. 134-2009, s. 1.