I-0.4 - Mining Tax Act

Section 18.1 Disposition versions

2011-06-06

18.1. (Repealed).

1985, c. 39, s. 3; 1989, c. 43, s. 1; 1996, c. 4, s. 11; 2011, c. 6, s. 44.

1996-06-13

18.1. The mining exploration and development expenses referred to in subparagraphs c and d of section 18 do not include any outlay or expense incurred to the extent that the outlay or expense constitutes an expense incurred

(a)  by a person, including a partnership, pursuant to an agreement entered into with an operator or another legal person or partnership, under which the person incurs such expense solely as consideration for a share of the capital stock of the operator or of another legal person or partnership, for an interest in a partnership, or for an interest or right attaching to the share or interest; or

(b)  by a legal person, including the operator, where a share of the capital stock of the legal person was issued to a person, including a partnership, pursuant to an agreement in writing entered into between the person and the legal person, under which the legal person, for any purpose, agreed to incur such expense and to renounce to the person an amount in respect of the expense so incurred by the legal person not exceeding the consideration received by it for the share.

1985, c. 39, s. 3; 1989, c. 43, s. 1; 1996, c. 4, s. 11.

1989-06-22

18.1. The mining exploration and development expenses referred to in subparagraphs c and d of section 18 do not include any outlay or expense incurred to the extent that the outlay or expense constitutes an expense incurred

(a)  by a person, including a partnership, pursuant to an agreement entered into with an operator or another corporation or partnership, under which the person incurs such expense solely as consideration for a share of the capital stock of the operator or of another corporation or partnership, for an interest in a partnership, or for an interest or right attaching to the share or interest; or

(b)  by a corporation, including the operator, where a share of the capital stock of the corporation was issued to a person, including a partnership, pursuant to an agreement in writing entered into between the person and the corporation, under which the corporation, for any purpose, agreed to incur such expense and to renounce to the person an amount in respect of the expense so incurred by the corporation not exceeding the consideration received by it for the share.

1985, c. 39, s. 3; 1989, c. 43, s. 1.

1985-12-19

18.1. The mining exploration and development expenses referred to in subparagraph c or d of section 18 do not include any outlay or expense incurred to the extent that the outlay or expense constitutes an expenditure incurred by a person under an agreement entered into with an operator or another corporation or partnership, whereby the person incurs such expenditure solely as consideration for a share of the capital stock of the operator or of another corporation or partnership, for an interest in a partnership, or for an interest or right attaching to the share or interest.

1985, c. 39, s. 3.