Ministère de l'Emploi et de la Solidarité sociale
Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

I-0.4 - Mining Tax Act

Section 19.1
Disposition versions

Full text
19.1. The amount that an operator may deduct as an additional exploration allowance in respect of expenses incurred before 31 March 2010 in computing its annual profit for a fiscal year under subparagraph g of paragraph 2 of section 8, as it read on 30 March 2010, or under subparagraph g of subparagraph 2 of the second paragraph of section 8 must not exceed, at the end of the fiscal year, 50% of the lesser of its cumulative exploration expenses in respect of expenses incurred before 31 March 2010 and its annual ceiling on exploration expenses for the fiscal year.
1994, c. 47, s. 19; 2011, c. 6, s. 45.
19.1. The amount that an operator may deduct as an additional exploration allowance in computing his annual profit for a fiscal year under subparagraph g of paragraph 2 of section 8 shall not exceed, at the end of that fiscal year, 50% of the lesser of cumulative exploration expenses and the annual ceiling on exploration expenses.
1994, c. 47, s. 19.
© Gouvernement du Québec