Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act

Marginal note:Imposition of consumption taxes in offshore area

• 212 (1) There shall be imposed, levied and collected under this Part in respect of the offshore area, in accordance with subsection (3), the taxes, interest, penalties and other sums that would be imposed, levied and collected under the Nova Scotia Consumption Tax Acts if the offshore area were in the land portion of the Province.

• Marginal note:Exception

  (2) Notwithstanding subsection (1), where taxes are imposed in respect of any matter under any of the Nova Scotia Consumption Tax Acts and taxes would, but for this subsection, be imposed under subsection (1) in respect of that matter, no taxes shall be imposed under subsection (1) in respect of that matter.

• Marginal note:Application of Nova Scotia legislation

  (3) Subject to this Act and the regulations, the Nova Scotia Consumption Tax Acts and any regulations made thereunder apply, with such modifications as the circumstances require, for the purposes of this Part and, without limiting the generality of the foregoing,

  • (a) a reference in those Acts to Her Majesty in right of the Province shall be deemed to be a reference to Her Majesty in right of Canada;

  • (b) a reference in those Acts to the Province of Nova Scotia or the Province shall be deemed to be a reference to the offshore area; and

  • (c) a reference in those Acts to the Minister responsible for the administration of any of those Acts or to the Provincial Tax Commissioner shall be deemed to be a reference to the Minister of Finance.

• Marginal note:Binding on certain Crown corporations

  (4) This section is binding on

  • (a) the corporations mentioned in Schedule A to the Federal-Provincial Fiscal Arrangements and Federal Post-Secondary Education and Health Contributions Act, 1977, where the Province is a participating province within the meaning of subsection 34(1) of that Act; and

  • (b) the corporations mentioned in Schedule B to that Act.