I-3 - Taxation Act

Section 1177 Disposition versions

2006-03-01

1177. In this Part, the expression “logging operations” means:

(a)  the cutting of standing timber in Québec or the acquiring of forest products derived therefrom, when such products are sold in Québec;

(b)  the cutting of standing timber in Québec or the acquiring of forest products derived therefrom, when such products are sold outside Québec;

(c)  the sale of forest land, timber limits or timber-cutting rights in Québec;

(d)  the cutting of standing timber in Québec or the acquiring of forest products derived therefrom by a taxpayer where such products are processed in a sawmill, pulp or paper plant or other plant for processing forest products in Canada by the taxpayer or on his behalf.

Where a taxpayer is deemed, under a provision of Part I, to have disposed of a property described in subparagraph c of the first paragraph, the taxpayer is deemed, for the purposes of that subparagraph c and section 1178, to have sold it.

1972, c. 23, s. 886; 1990, c. 59, s. 364; 2004, c. 21, s. 502.