Regulation 1206

Subsection 1206(1)

Canadian exploration and development overhead expense

Administrative Policy

8 December 2015 External T.I. 2015-0616321E5 F - CEE - Severance pay

Would a severance payment made by the taxpayer to an employee who performed services on exploration projects (but whose duties were not all or...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 66.1 - Subsection 66.1(6) - Canadian exploration expense - Paragraph (a) severance payment not includible in CEE 157

Paragraph (b)

See Also

Ressources Eastmain Inc. v. Agence du revenu du Qu├ębec, 2021 QCCQ 4379

The taxpayer was a micro-cap junior exploration company devoted to two projects in northern Quebec. For the four taxation years in issue (2007 to...

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Words and Phrases
substantially all
Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Current expense vs. capital acquisition annual expenditures on core sample boxes and racks were capital expenditures, whereas those on dirt berms were currently deductible 302
Tax Topics - Income Tax Act - Section 66.1 - Subsection 66.1(6) - Canadian exploration expense - Paragraph (k.1) annual expenditures on core sample boxes and racks were excluded under para. (k.1) 105
Tax Topics - Income Tax Act - Section 66.1 - Subsection 66.1(6) - Canadian exploration expense - Paragraph (f) geology course for an employee was necessary to exploration and resource identification 173

Production Royalty

Administrative Policy

91 CPTJ - Q.26

RC will consider a net profits interest to be a production royalty where the recipient has a Crown royalty and it is reasonable to consider that...

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Resource Activity

Administrative Policy

17 July 1997 Internal T.I. 9700547 - DEDUCTION OF TERMINAL LOSS FROM RESOURCE PROFITS

The disposal of machinery held in an inactive mining business would be considered as "activities that the taxpayer undertakes as a consequence of"...

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