I-0.4 - Mining Tax Act

Section 34 Disposition versions

2011-06-06

34. (Repealed).

1975, c. 30, s. 34; 1979, c. 74, s. 4; 1985, c. 39, s. 6; 1994, c. 47, s. 36; 2011, c. 6, s. 62.

1994-12-21

34. Every person or partnership required to file a return for a fiscal year, under section 36 or 37, shall indicate therein the order of application of the credits determined under sections 31.1 and 33, for that fiscal year.

1975, c. 30, s. 34; 1979, c. 74, s. 4; 1985, c. 39, s. 6; 1994, c. 47, s. 36.

1985-12-19

34. Every person who is required to file a return under section 36 or 37 shall apply the credit on duties provided for in section 31 before the deferrable credit on duties provided for in section 31.1 and the credit on duties for losses provided for in section 33.

That person shall also indicate in his return the order of application of the deferrable credit on duties and credit on duties for losses.

1975, c. 30, s. 34; 1979, c. 74, s. 4; 1985, c. 39, s. 6.

1979-12-21

34. For the purposes of section 33, the average annual profit of the operator shall be computed as if any loss incurred in any of the three fiscal years were nil; however, the operator may deduct from the duties that would be otherwise payable an amount not exceeding 15 per cent of the amount of the loss, or average that deduction over the four fiscal years following that in which the loss is incurred.

1975, c. 30, s. 34; 1979, c. 74, s. 4.

1977-12-31

34. For the purposes of section 33, the average annual profit of the operator shall be computed as if any loss incurred in any of the fiscal years of the period mentioned therein were nil; however, the operator may deduct from his duties otherwise payable for the two fiscal years following that during which the loss was incurred, an amount not exceeding, in all, 15 per cent of the amount of the loss.

1975, c. 30, s. 34.