I-0.4 - Mining Tax Act

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29.0.3. For the purpose of determining the adjusted profit margin of an operator for a fiscal year, the following rules apply:
(1)  where the adjusted annual profit of the operator for the fiscal year is greater than the aggregate described in the definition of “adjusted profit margin” in section 29.0.1 for the fiscal year, the operator’s adjusted profit margin for the fiscal year is deemed to be equal to 100%; and
(2)  where the aggregate described in the definition of “adjusted profit margin” in section 29.0.1 for the fiscal year is equal to zero, the aggregate is deemed to be equal to $1.
2017, c. 1, s. 56.