Versions of s. 66.1(6), definition “eligible oil sands mine development expense”

I-3.3 — Income Tax Act · 4 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

2017-12-14 to present available View Source

eligible oil sands mine development expense, of a taxpayer, means an expense incurred by the taxpayer after March 21, 2011 and before 2016, the amount of which is determined by the formula A × B where A is an expense that would be a Canadian exploration expense of the taxpayer described in paragraph (g) of the definition Canadian exploration expense if that paragraph were read without reference to “and before March 21, 2013” and “other than a bituminous sands deposit or an oil shale deposit”, but does not include an expense that is a specified oil sands mine development expense, and B is 100% if the expense is incurred before 2013, 80% if the expense is incurred in 2013, 60% if the expense is incurred in 2014, and 30% if the expense is incurred in 2015; (frais d’aménagement admissibles relatifs à une mine de sables bitumineux)

Full text

eligible oil sands mine development expense, of a taxpayer, means an expense incurred by the taxpayer after March 21, 2011 and before 2016, the amount of which is determined by the formula A × B where A is an expense that would be a Canadian exploration expense of the taxpayer described in paragraph (g) of the definition Canadian exploration expense if that paragraph were read without reference to “and before March 21, 2013” and “other than a bituminous sands deposit or an oil shale deposit”, but does not include an expense that is a specified oil sands mine development expense, and B is 100% if the expense is incurred before 2013, 80% if the expense is incurred in 2013, 60% if the expense is incurred in 2014, and 30% if the expense is incurred in 2015; (frais d’aménagement admissibles relatifs à une mine de sables bitumineux)
2016-06-22 to 2017-12-14 View Source

eligible oil sands mine development expense, of a taxpayer, means an expense incurred by the taxpayer after March 21, 2011 and before 2016, the amount of which is determined by the formula A × B where A is an expense that would be a Canadian exploration expense of the taxpayer described in paragraph (g) of the definition Canadian exploration expense if that paragraph were read without reference to “and before March 21, 2013” and “other than a bituminous sands deposit or an oil shale deposit”, but does not include an expense that is a specified oil sands mine development expense, and B is 100% if the expense is incurred before 2013, 80% if the expense is incurred in 2013, 60% if the expense is incurred in 2014, and 30% if the expense is incurred in 2015; (frais d’aménagement admissibles relatifs à une mine de sables bitumineux)

Full text

eligible oil sands mine development expense, of a taxpayer, means an expense incurred by the taxpayer after March 21, 2011 and before 2016, the amount of which is determined by the formula A × B where A is an expense that would be a Canadian exploration expense of the taxpayer described in paragraph (g) of the definition Canadian exploration expense if that paragraph were read without reference to “and before March 21, 2013” and “other than a bituminous sands deposit or an oil shale deposit”, but does not include an expense that is a specified oil sands mine development expense, and B is 100% if the expense is incurred before 2013, 80% if the expense is incurred in 2013, 60% if the expense is incurred in 2014, and 30% if the expense is incurred in 2015; (frais d’aménagement admissibles relatifs à une mine de sables bitumineux)
2013-12-12 to 2016-06-22 View Source

eligible oil sands mine development expense, of a taxpayer, means an expense incurred by the taxpayer after March 21, 2011 and before 2016, the amount of which is determined by the formula A × B where A is an expense that would be a Canadian exploration expense of the taxpayer described in paragraph (g) of the definition Canadian exploration expense if that paragraph were read without reference to “and before March 21, 2013” and “other than a bituminous sands deposit or an oil shale deposit”, but does not include an expense that is a specified oil sands mine development expense, and B is 100% if the expense is incurred before 2013, 80% if the expense is incurred in 2013, 60% if the expense is incurred in 2014, and 30% if the expense is incurred in 2015;

Full text

eligible oil sands mine development expense, of a taxpayer, means an expense incurred by the taxpayer after March 21, 2011 and before 2016, the amount of which is determined by the formula A × B where A is an expense that would be a Canadian exploration expense of the taxpayer described in paragraph (g) of the definition Canadian exploration expense if that paragraph were read without reference to “and before March 21, 2013” and “other than a bituminous sands deposit or an oil shale deposit”, but does not include an expense that is a specified oil sands mine development expense, and B is 100% if the expense is incurred before 2013, 80% if the expense is incurred in 2013, 60% if the expense is incurred in 2014, and 30% if the expense is incurred in 2015;
2011-12-15 to 2013-12-12 View Source

eligible oil sands mine development expense, of a taxpayer, means an expense incurred by the taxpayer after March 21, 2011 and before 2016, the amount of which is determined by the formula A × B where A is an expense that would be a Canadian exploration expense of the taxpayer described in paragraph (g) of the definition Canadian exploration expense if that paragraph were read without reference to “other than a bituminous sands deposit or an oil shale deposit”, but does not include an expense that is a specified oil sands mine development expense, and B is 100% if the expense is incurred before 2013, 80% if the expense is incurred in 2013, 60% if the expense is incurred in 2014, and 30% if the expense is incurred in 2015;