I-0.4 - Mining Tax Act

Section 4.12 Disposition versions

2011-06-06

4.12. If, in respect of an amalgamation, a predecessor legal person has a reporting currency for its last fiscal year that is different from the reporting currency of the new legal person for its first fiscal year, paragraphs 1 and 2 of section 4.11 apply, for the purpose of computing the predecessor legal person’s Québec mining results for its last fiscal year, as if the reporting currencies referred to in those paragraphs were the reporting currencies referred to in this section and as if

(1)  “subsidiary” was replaced wherever it appears by “predecessor legal person” in

(a)  the portion of that paragraph 1 before subparagraph c,

(b)  that paragraph 2;

(2)  “the subsidiary’s fiscal year that includes the particular time” in subparagraph c of that paragraph 1 was replaced by “the predecessor legal person’s last fiscal year” ;

(3)  “parent’s” was replaced by “new legal person’s” in

(a)  subparagraph b of that paragraph 1,

(b)  the portion of that paragraph 2 before subparagraph a, and

(c)  subparagraph d of that paragraph 2; and

(4)  “its fiscal year that includes the particular time and each of its subsequent fiscal years” was replaced by “its last fiscal year” in

(a)  subparagraph a of that paragraph 1, and

(b)  subparagraph c of that paragraph 2.

2011, c. 6, s. 18.