Section 162

Subsection 162(2) - Natural Resources

In finding that an agreement between two forestry companies (Company A and B), under which A Co will manage and harvest timber within B Co's...

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As part consideration for its services to Company A, an engineering firm receives from Company A a royalty equal to a percentage of the gross...

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The Optionor "options" mineral resource Tenures to an Optionee who is granted the right to explore the Tenures, and is required to make specified...

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Locations of other summaries		Wordcount
Tax Topics - Excise Tax Act - Section 162 - Subsection 162(4)	taxable components of farm-out agreement	439

1. Section 162 deems the following supplies of natural resource property rights not to be supplies for GST/HST...

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Words and Phrases

General synopsis of ss.162(1) and (2).

After noting that "special rules are in place in subsection 162(4) to eliminate the requirement to establish a value for certain property or...

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Locations of other summaries		Wordcount
Tax Topics - Excise Tax Act - Section 162 - Subsection 162(2)	farm-in "option" on tenure was a single supply of resource rights	218