94 CPTJ - Q. 1

RC will be amending its administrative policy to allow certificates to be issued by purchasers containing prescribed information as evidence of exportation. However, the exporter may be required to make available to the Department the shipper's balance sheet statements and any other evidence necessary to verify the zero-rated export purchases.

An exchange of methane for ethane will not qualify.

The Alberta royalty tax credit is not included in a taxpayer's income under s. 12(1)(x).

Because the Alberta royalty tax credit is not included in a corporation's net income for tax purposes, it would not be included in determining the corporation's safe income or safe income on hand.