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

Section 360r48 Disposition versions

2012-09-01

360R48. The expenditures used in computing the aggregate referred to in subparagraph a of the second paragraph of section 360R42 are the expenditures incurred by a taxpayer after 7 November 1969 and before the particular time referred to in this section and each of which

(a)  was a Canadian exploration and development expense or would have been such an expense if it had been incurred after 1971, and was actually incurred before 7 May 1974 in the case of an oil business and before 1 April 1975 in the case of a mining business, other than an expense referred to in section 360R50;

(b)  was a Canadian exploration expense, other than an expense referred to in section 360R51;

(c)  was a Canadian development expense incurred before 1981, other than an expense referred to in section 360R52; or

(d)  was the capital cost of a property used for processing, other than a property referred to in section 360R53.

s. 360R19; O.C. 1981-80, s. 360R19; O.C. 3926-80, s. 16; R.R.Q., 1981, c. I-3, r. 1, s. 360R19; O.C. 2962-82, s. 49; O.C. 500-83, s. 49; O.C. 134-2009, s. 1.