I-3 - Taxation Act

Section 726.4.17.22 Disposition versions

2006-03-01

726.4.17.22. The expenses to which paragraph a of section 726.4.17.20 refers are

(a)  any amount included in the Canadian exploration and development overhead expenses of the corporation, within the meaning of the regulations;

(b)  any amount relating to Canadian exploration expenses or Canadian development expenses that is renounced by a corporation that is not a qualified corporation, effective after 31 March 1998, under section 359.2 or 359.2.1, as the case may be, in respect of a share;

(c)  any amount relating to financing, including expenses incurred before the beginning of the carrying on of a business;

(d)  expenses that are Canadian exploration expenses of the corporation under paragraph d of section 395, to the extent that they refer to expenses incurred, after 31 March 1998 and before the time referred to in section 726.4.17.20, by a partnership that is not a qualified partnership;

(e)  any prescribed expense; and

(f)  expenses that are eligible expenses, within the meaning of section 1029.8.36.167, taken into account in computing an amount that the corporation is deemed to have paid to the Minister for a taxation year under Division II.6.15 of Chapter III.1 of Title III of Book IX.

1999, c. 83, s. 77; 2005, c. 1, s. 137.