I-0.4 - Mining Tax Act

Section 19.3 Disposition versions

2011-06-06

19.3. The annual ceiling on exploration expenses of an operator for a fiscal year is equal,

(1)  if the fiscal year begins before 31 March 2010, to the amount corresponding to the operator’s annual profit for that fiscal year, determined without reference to subparagraphs g to h.1 and j of paragraph 2 of section 8, as they read on 30 March 2010; or

(2)  if the fiscal year begins after 30 March 2010, to the amount corresponding to the operator’s annual profit for that fiscal year, determined without reference to subparagraph g of subparagraph 2 of the second paragraph of section 8.

1994, c. 47, s. 19; 1996, c. 4, s. 6; 1997, c. 85, s. 23; 2011, c. 6, s. 45.

1997-12-19

19.3. The annual ceiling on exploration expenses for a fiscal year is the amount corresponding to the annual profit for that fiscal year computed without reference to the additional exploration allowance, the processing allowance, the additional depreciation allowance and the additional allowance for a northern mine referred to in subparagraphs g to h.1 and j of paragraph 2 of section 8.

1994, c. 47, s. 19; 1996, c. 4, s. 6; 1997, c. 85, s. 23.

1996-06-13

19.3. The annual ceiling on exploration expenses for a fiscal year is the amount corresponding to the annual profit for that fiscal year computed without reference to the additional exploration allowance, the processing allowance and the additional allowance for a northern mine referred to in subparagraphs g, h and j of paragraph 2 of section 8.

1994, c. 47, s. 19; 1996, c. 4, s. 6.

1994-12-21

19.3. The annual ceiling on exploration expenses for a fiscal year is the amount corresponding to the annual profit for that fiscal year computed without reference to the additional exploration allowance and the processing allowance referred to in subparagraphs g and h of paragraph 2 of section 8.

1994, c. 47, s. 19.