A-18.1, r. 6 - Regulation respecting the method for assessing the annual royalty and the method and frequency for assessing the market value of standing timber purchased by guarantee holders pursuant to their timber supply guarantee

Section 4.0.5 Disposition versions

2022-03-31

4.0.5. At the end of the harvest year, an adjusted annual royalty for the calculation of the end‑of‑year reimbursement must first be calculated using the following formula:

U = (I – N – R – T) × (18% A), where

(1)  “U” is the adjusted annual royalty for the calculation of the end-of-year reimbursement;

(2)  “I” is the volume of timber specified in the holder’s timber supply guarantee;

(3)  “N” is the volume of timber, covered by a special development plan, that the holder has waived or is deemed to have waived at the time the sales contract is made for the standing timber purchased pursuant to the holder’s timber supply guarantee;

(4)  “R” is the volume of timber, covered by a special development plan, that the holder waived after the time the sales contract was made for the standing timber purchased pursuant to the holder’s timber supply guarantee, but not later than 15 August of the harvest year;

(5)  “T” is the volume of timber, covered by a special development plan, that the holder waived between 16 August and 31 March in the harvest year;

(6)  “A” is the adjusted average market value of standing timber per cubic metre used to calculate the annual royalty, calculated in accordance with the first or second paragraph of section 2.

O.C. 168-2022, s. 2.