Words and Phrases - "accumulation"

a
85
b
44
c
76
d
50
e
38
f
31
g
18
h
14
i
73
j
2
k
2
l
32
m
55
n
25
o
38
p
79
q
3
r
76
s
89
t
46
u
15
v
9
w
22
y
2

Canada v. Resman Holdings Ltd., 2000 DTC 6350 (FCA)

Summary Under
Tax Topics - Income Tax Act - Section 66.1 - Subsection 66.1(6) - Canadian exploration expense - Paragraph (b)

Before going on to find that expenditures incurred in drilling step-out or delineation wells (i.e., wells drilled at the edge of a known pool of oil and gas to further exploit that pool) did not qualify as CEE, Sharlow J.A. stated (at p. 6355) that she accepted:

"the argument of the Crown that the words 'accumulation' and 'gisement' as used in the definition of Canadian exploration expense are intended to convey a meaning that is synonymous with the word 'pool' in the various geological dictionaries referred to above, and that it has the same meaning as 'pool' in the Oil and Gas Conservation Act of Alberta."

Words and Phrases
accumulation