I-3 - Taxation Act

Section 219 Disposition versions

2006-03-01

219. In this division,

(a)  a prospector is an individual who prospects or explores for minerals or develops a property for minerals on behalf of himself, on behalf of himself and others, or as an employee;

(b)  a mining property means

i.  a right, licence or privilege to prospect, explore, drill or mine for minerals in a mineral resource in Canada, or

ii.  immovable property in Canada, other than depreciable property, the principal value of which depends on its mineral resource content.

1972, c. 23, s. 207; 2004, c. 8, s. 39.