I-0.4 - Mining Tax Act

Section 16.13.0.4 Disposition versions

2021-12-10

16.13.0.4. The balance of an eligible operator’s critical and strategic mineral development expense limit, at a particular time, is equal to the amount by which $31,250,000 exceeds the aggregate of

(1)  the aggregate of all amounts each of which is an amount deducted by the operator in computing its annual profit, for a fiscal year that ends before the particular time, as a critical and strategic mineral development allowance under subparagraph g.1 of subparagraph 2 of the second paragraph of section 8; and

(2)  the aggregate of all amounts each of which is an amount of government assistance relating to the operator’s critical and strategic mineral development expenses that the operator received or was entitled to receive before the particular time and after 25 March 2021 and that was not repaid by the operator at or before that time.

2021, c. 36, s. 42.