Ministère de l'Emploi et de la Solidarité sociale
Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

I-3 - Taxation Act

Section 374.2
Disposition versions

Full text
374.2. For the purposes of section 374.1, where a taxpayer has incurred specified foreign exploration and development expenses in relation to two or more countries, an allocation to each of those countries for a taxation year shall be determined in a manner that is
(a)  reasonable having regard to all the circumstances, including the level and timing of
i.  the taxpayer’s specified foreign exploration and development expenses in relation to that country, and
ii.  the profits or gains to which those expenses relate; and
(b)  not inconsistent with the allocation made under section 374.1 for the preceding taxation year.
2004, c. 8, s. 68.
© Gouvernement du Québec