I-3 - Taxation Act

Section 225.3 Disposition versions

2006-06-13

225.3. For the purposes of this division, an expenditure is deemed to have been made by a taxpayer in Canada if the expenditure is made

(a)  by the taxpayer in the course of a business carried on by the taxpayer in Canada; and

(b)  for the prosecution of scientific research and experimental development in the exclusive economic zone of Canada, within the meaning of the Oceans Act (Statutes of Canada, 1996, chapter 31), or in the airspace above that zone or the seabed or subsoil below that zone.

2006, c. 13, s. 30.