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Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act

Version of section 246 from 2009-12-15 to 2015-06-18:

Marginal note:Definitions

  •  (1) In this Part,

    average annual cost to the Province of borrowing money

    coût d’emprunt annuel moyen

    average annual cost to the Province of borrowing money means the average annual rate of interest, determined in the manner prescribed, that would be incurred by the Province on borrowed money if the money were borrowed during the period of twelve months immediately preceding the date of the determination of the threshold rate of return; (coût d’emprunt annuel moyen)

    deemed profit

    deemed profit[Repealed, 2009, c. 31, s. 47]

    fiscal incentive

    fiscal incentive[Repealed, 2009, c. 31, s. 47]

    former Act

    former Act[Repealed, 2009, c. 31, s. 47]

    offshore revenue threshold

    offshore revenue threshold[Repealed, 2009, c. 31, s. 47]



    project means a work or activity resulting in the production of petroleum in the offshore area that is required to be authorized pursuant to paragraph 142(1)(b). (projet)

    threshold rate of return

    threshold rate of return[Repealed, 2009, c. 31, s. 47]

  • Marginal note:Determination of per capita fiscal capacity

    (2) For the purposes of this Part, the per capita fiscal capacity of the Province and the national average per capita fiscal capacity in respect of any fiscal year shall be determined in accordance with section 226.

  • 1988, c. 28, s. 246
  • 2009, c. 31, s. 47

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