I-3 - Taxation Act

Section 336.5.1 Disposition versions

2015-10-26

336.5.1. The expenses to which subparagraph ii of paragraph c of the definition of “investment expense” in section 336.5 refers are the following:

(a)  Canadian exploration expenses that would be described in paragraph a.1 or c.1 of section 395 if the reference in those paragraphs to “Canada”, wherever it appears, were a reference to “Québec”;

(a.1)  Canadian exploration expenses that would be described in paragraph c.3 of section 395 if, for the purposes of sections 395.2 and 395.3, the reference in paragraph c.1 of section 395 to “Canada” were a reference to “Québec”;

(a.2)  Canadian exploration expenses that would be described in paragraph c.4 or c.5 of section 395 if the reference in paragraph c.1 of that section to “Canada” were a reference to “Québec”;

(b)  Canadian exploration expenses that would be described in paragraph d of section 395 if the reference in that paragraph to “expenses described in paragraphs a to b.1 and c to c.2” were replaced by a reference to “expenses that would be described in paragraphs a.1 and c.1 if the reference in those paragraphs to “Canada”, wherever it appears, were a reference to “Québec””;

(c)  Canadian renewable and conservation expenses, within the meaning of section 399.7, to the extent that the expenses were incurred in respect of work carried out in Québec as part of a project relating to a business carried on in Québec;

(d)  Canadian development expenses that would be described in any of paragraphs a, a.1 and b.0.1 to b.1 of section 408 if the reference in those paragraphs to “Canada”, wherever it appears, were a reference to “Québec”;

(e)  Canadian development expenses that would be described in paragraph d of section 408 if the reference in that paragraph to “any expense described in paragraphs a to c” were replaced by a reference to “any expense that would be described in paragraphs a, a.1 and b.0.1 to b.1 if the reference in those paragraphs to “Canada”, wherever it appears, were a reference to “Québec”"; and

(f)  expenses incurred in Québec that, because of section 726.4.12, are not expenses referred to in subparagraph i of paragraph a of section 726.4.10.

2007, c. 12, s. 53; 2011, c. 1, s. 30; 2015, c. 24, s. 59.

2011-02-17

336.5.1. The expenses to which subparagraph ii of paragraph c of the definition of “investment expense” in section 336.5 refers are the following:

(a)  Canadian exploration expenses that would be described in paragraph a.1 or c.1 of section 395 if the reference in those paragraphs to “Canada”, wherever it appears, were a reference to “Québec”;

(b)  Canadian exploration expenses that would be described in paragraph d of section 395 if the reference in that paragraph to “expenses described in paragraphs a to b.1 and c to c.2” were replaced by a reference to “expenses that would be described in paragraphs a.1 and c.1 if the reference in those paragraphs to “Canada”, wherever it appears, were a reference to “Québec””;

(c)  Canadian renewable and conservation expenses, within the meaning of section 399.7, to the extent that the expenses were incurred in respect of work carried out in Québec as part of a project relating to a business carried on in Québec;

(d)  Canadian development expenses that would be described in any of paragraphs a, a.1 and b.1 of section 408 if the reference in those paragraphs to “Canada”, wherever it appears, were a reference to “Québec”;

(e)  Canadian development expenses that would be described in paragraph d of section 408 if the reference in that paragraph to “any expense described in paragraphs a to c” were replaced by a reference to “any expense that would be described in paragraphs a, a.1 and b.1 if the reference in those paragraphs to “Canada”, wherever it appears, were a reference to “Québec””; and

(f)  expenses incurred in Québec that, because of section 726.4.12, are not expenses referred to in subparagraph i of paragraph a of section 726.4.10.

2007, c. 12, s. 53; 2011, c. 1, s. 30.

2007-11-07

336.5.1. The expenses to which subparagraph ii of paragraph c of the definition of “investment expense” in section 336.5 refers are the following:

(a)  Canadian exploration expenses that would be described in paragraph a.1 or c.1 of section 395 if the reference in those paragraphs to “Canada”, wherever it appears, were a reference to “Québec”;

(b)  Canadian exploration expenses that would be described in paragraph d of section 395 if the reference in that paragraph to “expenses described in paragraphs a to b.1 and c to c.2” were replaced by a reference to “expenses that would be described in paragraphs a.1 and c.1 if the reference in those paragraphs to “Canada”, wherever it appears, were a reference to “Québec””;

(c)  Canadian renewable and conservation expenses, within the meaning of section 399.7, to the extent that the expenses were incurred in respect of work carried out in Québec as part of a project relating to a business carried on in Québec;

(d)  Canadian development expenses that would be described in any of paragraphs a, a.1 and b.1 of section 408 if the reference in those paragraphs to “Canada”, wherever it appears, were a reference to “Québec”; and

(e)  Canadian development expenses that would be described in paragraph d of section 408 if the reference in that paragraph to “any expense described in paragraphs a to c” were replaced by a reference to “any expense that would be described in paragraphs a, a.1 and b.1 if the reference in those paragraphs to “Canada”, wherever it appears, were a reference to “Québec””.

2007, c. 12, s. 53.