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

Section 130r153 Disposition versions

2012-09-01

130R153. For the purposes of paragraph e of section 99 of the Act, a business carried on by the taxpayer is considered to be a manufacturing or processing business, if for the fiscal period during which the property was acquired, or for the fiscal period during which a reasonable volume of business was first carried on, whichever was later, the revenue received by the taxpayer, in the course of carrying on the business, from manufacturing or processing, was not less than 2/3 of the revenue of the business for the period.

For the purposes of this section, the revenue from manufacturing or processing includes the revenue arising from

(a)  the sale of goods processed or manufactured by the taxpayer in Canada;

(b)  the leasing or renting of goods processed or manufactured by the taxpayer in Canada;

(c)  advertisements in a newspaper or magazine produced by the taxpayer in Canada; and

(d)  construction carried on by the taxpayer in Canada.

s. 130R74; O.C. 1981-80, s. 130R74; R.R.Q., 1981, c. I-3, r. 1, s. 130R74; O.C. 134-2009, s. 1.