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

Section 130r172.1 Disposition versions

2012-09-01

130R172.1. Where one or more properties of a taxpayer are included in Class 41.1 in Schedule B under paragraph a of that class and some or all of the properties, referred to in this section as “single mine properties”, were acquired for the purpose of gaining or producing income from one mine and not from any other mine, a separate class is prescribed for the single mine properties that

(a)  were acquired for the purpose of gaining or producing income from that mine only;

(b)  would otherwise be included in Class 41.1 in that schedule under paragraph a of that class; and

(c)  are not included in a separate class because of section 130R172.2.

O.C. 390-2012, s. 27.