Randy S. Morphy, Kim Maguire, "An Update on the Taxation of Farm-outs", Resource Sector Taxation, Vol. IX, No. 3, 2013, p. 661.

Farm-out coupled with transfer for consideration (p. 664)

CRA Document 2011-0420451E5(F) (November 22, 2011) is a recent external technical...

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Need to rely on IT-125 (p. 661)

The application of the Income Tax Act to farm-outs on a technical basis remains unresolved: there are no specific...

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