I-3 - Taxation Act

Section 487.0.1 Disposition versions

2017-02-08

487.0.1. In this section and sections 487.0.2 to 487.0.3,

“breeding animals” means bison, bovine cattle, deer, horses, goats, elk, sheep or other grazing ungulates that are over 12 months of age and are kept for breeding;

“breeding bees” means bees that are not used principally to pollinate plants in greenhouses and larvae of those bees;

“breeding bee stock”, of a taxpayer at a particular time, means a reasonable estimate of the quantity of the taxpayer’s breeding bees held at that time in the course of carrying on a farming business using a unit of measurement that is accepted as an industry standard;

“breeding herd” of a taxpayer at any time means the number of animals determined at that time, in respect of the taxpayer, by the formula

A − (B − C).

For the purposes of the formula set forth in the definition of “breeding herd” set forth in the first paragraph,

(a)  A is the total number of the taxpayer’s breeding animals held in the course of carrying on a farming business at that time;

(b)  B is the total number of the taxpayer’s breeding animals held in the farming business at that time that are female bovine cattle that have not given birth to calves;

(c)  C is the lesser of the number of animals determined as the value of B and one-half on the total number of the taxpayer’s breeding animals held in the farming business at that time that are female bovine cattle that have given birth to calves.

1991, c. 25, s. 79; 1994, c. 22, s. 190; 2017, c. 1, s. 126.

2006-03-01

487.0.1. In this section and sections 487.0.2 and 487.0.3,

“breeding animals” means animals that are over 12 months of age and are horses kept for breeding in the commercial production of pregnant mares’ urine, or bison, bovine cattle, deer, goats, elk, sheep or other grazing ungulates kept for breeding;

“breeding herd” of a taxpayer at any time means the number of animals determined at that time, in respect of the taxpayer, by the formula

A − (B − C).

For the purposes of the formula set forth in the definition of “breeding herd” set forth in the first paragraph,

(a)  A is the total number of the taxpayer’s breeding animals held in the course of carrying on a farming business at that time;

(b)  B is the total number of the taxpayer’s breeding animals held in the farming business at that time that are female bovine cattle that have not given birth to calves;

(c)  C is the lesser of the number of animals determined as the value of B and one-half on the total number of the taxpayer’s breeding animals held in the farming business at that time that are female bovine cattle that have given birth to calves.

1991, c. 25, s. 79; 1994, c. 22, s. 190.