Soquip Alberta Inc. (Petroleum and Gas Revenue Tax Act) Remission Order

SI/90-163

FINANCIAL ADMINISTRATION ACT

Registration 1990-11-21

Order Respecting the Remission of Amounts Payable under the Petroleum and Gas Revenue Tax Act by Soquip Alberta Inc.

P.C. 1990-2397  1990-11-08

His Excellency the Governor General in Council, considering that it is in the public interest to do so, on the recommendation of the Minister of National Revenue and the Treasury Board, pursuant to section 23 of the Financial Administration Act, is pleased hereby to make the annexed Order respecting the remission of amounts payable under the Petroleum and Gas Revenue Tax Act by Soquip Alberta Inc.

SHORT TITLE

 This Order may be cited as the Soquip Alberta Inc. (Petroleum and Gas Revenue Tax Act) Remission Order.

INTERPRETATION

 In this Order,

“Act”

“Act” means the Petroleum and Gas Revenue Tax Act; (Loi)

“Corporation”

“Corporation” means Soquip Alberta Inc.; (société)

“net tax”

“net tax” means the amount by which

  • (a) the aggregate of amounts of tax that have been assessed under the Act as payable by the Corporation

exceeds

  • (b) the aggregate of all amounts deemed to have been paid by the Corporation under the Act and other similar amounts. (impôt net)

REMISSION OF TAX

 Remission is hereby granted to the Corporation of the net tax to the extent of the grants paid by the Corporation or the Province of Quebec to the Receiver General for Canada within 30 days after the date on which this Order is made.

REMISSION OF INTEREST AND PENALTIES

 Remission is hereby granted to the Corporation of the interest and penalties payable in respect of the net tax remitted pursuant to section 3.