I-3 - Taxation Act

Section 363 Disposition versions

2011-12-09

363. A development corporation is, for the purposes of this chapter, a corporation whose principal business is any of, or a combination of,

(a)  the production, refining or marketing of petroleum, petroleum products or natural gas,

(a.1)  exploring or drilling for petroleum or natural gas,

(b)  mining or exploring for minerals,

(c)  the processing of mineral ores for the purpose of recovering metals or minerals from the ores,

(d)  the processing or marketing of metals or minerals that were recovered from mineral ores and that include metals or minerals recovered from mineral ores processed by the corporation,

(e)  the fabrication of metals,

(f)  the operation of a pipeline for the transmission of oil or gas,

(f.1)  the production or marketing of calcium chloride, sodium chloride, gypsum, kaolin or potash,

(g)  the manufacturing of products, where the manufacturing involves the processing of calcium chloride, sodium chloride, gypsum, kaolin or potash,

(h)  the generation or distribution of energy, or the production of fuel, using property described in Class 43.1 or 43.2 in Schedule B to the Regulation respecting the Taxation Act (chapter I-3, r. 1); and

(i)  the development of projects for which it is reasonable to expect that at least 50% of the capital cost of the depreciable property to be used in each project is the capital cost of property described in Class 43.1 or 43.2 in Schedule B to the Regulation respecting the Taxation Act.

A development corporation is also, for the purposes of this chapter, a corporation all or substantially all of the assets of which are shares of the capital stock or indebtedness of one or more development corporations that are related to the corporation otherwise than because of a right referred to in paragraph b of section 20.

1972, c. 23, s. 330; 1975, c. 22, s. 70; 1989, c. 77, s. 35; 1995, c. 49, s. 99; 1997, c. 3, s. 71; 1998, c. 16, s. 142; 2000, c. 39, s. 23; 2001, c. 7, s. 43; 2010, c. 5, s. 42; 2011, c. 34, s. 29.

2010-04-20

363. A development corporation is, for the purposes of this chapter, a corporation whose principal business is any of, or a combination of,

(a)  the production, refining or marketing of petroleum, petroleum products or natural gas,

(a.1)  exploring or drilling for petroleum or natural gas,

(b)  mining or exploring for minerals,

(c)  the processing of mineral ores for the purpose of recovering metals or minerals from the ores,

(d)  the processing or marketing of metals or minerals that were recovered from mineral ores and that include metals or minerals recovered from mineral ores processed by the corporation,

(e)  the fabrication of metals,

(f)  the operation of a pipeline for the transmission of oil or gas,

(f.1)  the production or marketing of calcium chloride, sodium chloride, gypsum, kaolin or potash,

(g)  the manufacturing of products, where the manufacturing involves the processing of calcium chloride, sodium chloride, gypsum, kaolin or potash,

(h)  the generation of energy using property described in Class 43.1 or 43.2 in Schedule B to the Regulation respecting the Taxation Act (R.R.Q., c. I-3, r. 1); and

(i)  the development of projects for which it is reasonable to expect that at least 50% of the capital cost of the depreciable property to be used in each project is the capital cost of property described in Class 43.1 or 43.2 in Schedule B to the Regulation respecting the Taxation Act or in both of those classes.

A development corporation is also, for the purposes of this chapter, a corporation all or substantially all of the assets of which are shares of the capital stock or indebtedness of one or more development corporations that are related to the corporation otherwise than because of a right referred to in paragraph b of section 20.

1972, c. 23, s. 330; 1975, c. 22, s. 70; 1989, c. 77, s. 35; 1995, c. 49, s. 99; 1997, c. 3, s. 71; 1998, c. 16, s. 142; 2000, c. 39, s. 23; 2001, c. 7, s. 43; 2010, c. 5, s. 42.

2006-03-01

363. A development corporation is, for the purposes of this chapter, a corporation whose principal business is any of, or a combination of,

(a)  the production, refining or marketing of petroleum, petroleum products or natural gas,

(a.1)  exploring or drilling for petroleum or natural gas,

(b)  mining or exploring for minerals,

(c)  the processing of mineral ores for the purpose of recovering metals or minerals from the ores,

(d)  the processing or marketing of metals or minerals that were recovered from mineral ores and that include metals or minerals recovered from mineral ores processed by the corporation,

(e)  the fabrication of metals,

(f)  the operation of a pipeline for the transmission of oil or gas,

(f.1)  the production or marketing of calcium chloride, sodium chloride, gypsum, kaolin or potash,

(g)  the manufacturing of products, where the manufacturing involves the processing of calcium chloride, sodium chloride, gypsum, kaolin or potash,

(h)  the generation of energy using property described in Class 43.1 in Schedule B to the Regulation respecting the Taxation Act (R.R.Q., c. I-3, r. 1); and

(i)  the development of projects for which it is reasonable to expect that at least 50% of the capital cost of the depreciable property to be used in each project is the capital cost of property described in Class 43.1 in Schedule B to the Regulation respecting the Taxation Act.

A development corporation is also, for the purposes of this chapter, a corporation all or substantially all of the assets of which are shares of the capital stock or indebtedness of one or more development corporations that are related to the corporation otherwise than because of a right referred to in paragraph b of section 20.

1972, c. 23, s. 330; 1975, c. 22, s. 70; 1989, c. 77, s. 35; 1995, c. 49, s. 99; 1997, c. 3, s. 71; 1998, c. 16, s. 142; 2000, c. 39, s. 23; 2001, c. 7, s. 43.