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I-0.4 - Mining Tax Act

Section 10.3
Disposition versions

Full text
10.3. The amount that an operator is required to include in computing its annual earnings from a mine for a particular fiscal year, under subparagraph e of subparagraph 1 of the fourth paragraph of section 8, in respect of class 3 property or class 4 property, is equal to the amount by which the aggregate of the amounts referred to in subparagraphs a to h of paragraph 2 of the definition of “undepreciated capital cost” in the first paragraph of section 9, in respect of that class, exceeds the aggregate of the amounts referred to in subparagraphs a to d of paragraph 1 of the definition of that expression, up to the portion of that excess amount that is reasonably attributable to the operation of the mine.
1994, c. 47, s. 12; 2011, c. 6, s. 34; 2015, c. 21, s. 58.
10.3. The amount that an operator is required to include in computing its annual earnings from a mine for a particular fiscal year, under subparagraph e of subparagraph 1 of the fourth paragraph of section 8, in respect of class 3 property or class 4 property, is equal to the amount by which the aggregate of the amounts referred to in subparagraphs a to h of paragraph 2 of the definition of “undepreciated capital cost” in section 9, in respect of that class, exceeds the aggregate of the amounts referred to in subparagraphs a to d of paragraph 1 of the definition of that expression, up to the portion of that excess amount that is reasonably attributable to the operation of the mine.
1994, c. 47, s. 12; 2011, c. 6, s. 34.
10.3. The amount that an operator is required to include in computing his annual profit for a particular fiscal year under subparagraph c of paragraph 1 of section 8 in respect of the third class, is the amount by which the aggregate of the amounts referred to in subparagraphs a to h of paragraph 2 of the definition of “undepreciated capital cost” in section 9, in respect of that class, exceeds the aggregate of the amounts referred to in subparagraphs a to d of paragraph 1 of the definition of that expression.
1994, c. 47, s. 12.
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