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I-3 - Taxation Act

Section 418.3
Disposition versions

Full text
418.3. Canadian oil and gas property expense does not include, however, any consideration given by the taxpayer for any share or any right in or to a share, except as provided by paragraph c of section 418.2, or any expense referred to in that paragraph and incurred by any other taxpayer to the extent that the expense is for the latter a Canadian oil and gas property expense under that paragraph, a Canadian exploration expense under paragraph e of section 395 or a Canadian development expense under paragraph e of section 408.
1982, c. 5, s. 103; 2020, c. 16, s. 67.
418.3. Canadian oil and gas property expense does not include, however, any consideration given by the taxpayer for any share or any interest therein or right thereto, except as provided by paragraph c of section 418.2, or any expense contemplated in the said paragraph incurred by any other taxpayer to the extent that the expense is for the latter a Canadian oil and gas property expense under the said paragraph, a Canadian exploration expense under paragraph e of section 395 or a Canadian development expense under paragraph e of section 408.
1982, c. 5, s. 103.
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