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Provision

Her Excellency the Governor General in Council, on the recommendation of the Minister of Natural Resources, pursuant to the definitions energy commodity and energy enterprise in subsection 2(1) and sections 4 to 6 a and 41 of the Energy Monitoring Act, hereby makes the annexed Energy Monitoring Regulations, 2006. S.C. 1993, c. 34, s. 62

Interpretation

s. 1

The following definitions apply in these Regulations.

s. 1, definition “act”

Act means the Energy Monitoring Act. (Loi)

s. 1, definition “cica handbook”

CICA Handbook means the handbook prepared and published by the Canadian Institute of Chartered Accountants, as amended from time to time. (Manuel de l’ICCA)

Prescribed Products

s. 2

For the purposes of the definition energy commodity in subsection 2(1) of the Act, the following products resulting from the processing or refining of oil or gas are prescribed:

s. 2(a)

aviation fuels;

s. 2(b)

motor gasoline and motor gasoline blending components;

s. 2(c)

stove oil and kerosene;

s. 2(d)

diesel fuel;

s. 2(e)

fuel oils;

s. 2(f)

semi-refined feedstreams for the manufacture of any of the products set out in paragraphs (a) to (e);

s. 2(g)

feedstreams, not in themselves petrochemicals, used in the manufacture of petrochemicals;

s. 2(h)

slack wax;

s. 2(i)

asphalt;

s. 2(j)

petroleum coke;

s. 2(k)

feedstreams for refining into lubricants, process oils or hydrocarbon solvents;

s. 2(l)

liquified petroleum gases, including propane, butane, ethane and mixtures of those products; and

s. 2(m)

sulphur.

Determination of Gross Annual Revenues and Assets in Canada

s. 3

s. 3(1)

For the purposes of paragraph 4(a) of the Act, the gross annual revenues of an energy enterprise shall be determined in accordance with the recommendations set out in the CICA Handbook without deducting or allowing for any expenses other than

s. 3(1)(a)

those expenses or charges normally deducted or allowed in accordance with the CICA Handbook for the purpose of determining gross revenues; and

s. 3(1)(b)

royalties or taxes collected on behalf of Canada, a province or a municipal authority.

s. 3(2)

For the purposes of paragraph 4(b) of the Act, the assets of an energy enterprise related to its activities referred to in the definition energy enterprise in subsection 2(1) of the Act shall be determined in accordance with the recommendations set out in the CICA Handbook.

SOR-2007-160 Energy Monitoring Regulations, 2006

Interpretation

Prescribed Products

Determination of Gross Annual Revenues and Assets in Canada

Exemption from Filing a Return

Repeal

Coming into Force