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I-0.4 - Mining Tax Act

Section 35
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35. (Repealed).
1975, c. 30, s. 35; 1985, c. 39, s. 6; 1994, c. 47, s. 37.
35. Several operators of a jointly operated mine or several operators who are related persons at any time during a fiscal year may claim only one deduction for credit on duties, only one deduction for deferrable credit on duties and only one deduction for credit on duties for losses, and may claim the payment of only one credit on duties refundable for losses, apportioned among themselves according to the proportion established by the operators pursuant to an agreement, a copy of which must be sent to the Minister within six months after the end of their fiscal years.
If there is no agreement, the Minister shall apportion the credit on duties, the deferrable credit on duties, the credit on duties for losses and the credit on duties refundable for losses among the operators according to the proportion he determines.
1975, c. 30, s. 35; 1985, c. 39, s. 6.
35. Sections 33 and 34 apply to several operators related to each other as if only one operator were involved in accordance with the terms and conditions provided for by regulation where one of those operators ceases to be related to the others or when an operator becomes related to such operators during a fiscal year.
1975, c. 30, s. 35.
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