Petroleum and Gas Revenue Tax Regulations (SOR/82-503)

2 In these Regulations,

Act

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

Canadian development expense

Canadian development expense has the meaning assigned to that expression by paragraph 66.2(5)(a) of the Income Tax Act; (frais d’aménagement au Canada)

Canadian exploration and development overhead expense

Canadian exploration and development overhead expense has the meaning assigned to that expression by subsection 1206(1) of the Income Tax Regulations; (frais généraux d’exploration et d’aménagement au Canada)

Canadian exploration expense

Canadian exploration expense has the meaning assigned to that expression by paragraph 66.1(6)(a) of the Income Tax Act; (frais d’exploration au Canada)

joint exploration corporation

joint exploration corporation has the meaning assigned to that expression by paragraph 66(15)(g) of the Income Tax Act; (corporation d’exploration en commun)

Minister

Minister means the Minister of National Revenue; (ministre)

primary recovery

primary recovery has the meaning assigned that expression by subsection 1206(1) of the Income Tax Regulations; (récupération primaire)

secondary recovery method

secondary recovery method has the meaning assigned to that expression by subsection 1206(1) of the Income Tax Regulations; (méthode de récupération secondaire)

shareholder corporation

shareholder corporation has the meaning assigned to that expression by paragraph 66(15)(i) of the Income Tax Act; (corporation actionnaire)

specified royalty provision

specified royalty provision means

• (a) the Experimental Project Petroleum Royalty Regulations of Alberta (Alta. Reg. 36/79),

• (b) the Experimental Oil Sands Royalty Regulations of Alberta (Alta. Reg. 287/77),

• (c) section 4.2 of the Petroleum Royalty Regulations of Alberta (Alta. Reg. 93/74),

• (d) section 58A of the Petroleum and Natural Gas Regulations, 1969 of Saskatchewan (Sask. Reg. 8/69),

• (e) section 204 of the Freehold Oil And Gas Production Tax Regulations, 1983 of Saskatchewan (Sask. Reg. 11/83),

• (f) item 9 of section 2 of the Petroleum and Natural Gas Royalty Regulations of British Columbia (B.C. Reg. 549/78),

• (g) the Freehold Mineral Taxation Act of Alberta,

• (h) the Freehold Mineral Rights Tax Act of Alberta,

• (i) Order in Council 427/84 of the Lieutenant Governor in Council of Alberta, pursuant to clause 9(a) of the Mines and Minerals Act of Alberta,

• (j) Order in Council 870/84 of the Lieutenant Governor in Council of Alberta, pursuant to section 9 of the Mines and Minerals Act of Alberta, or

• (k) Order in Council 966/84 of the Lieutenant Governor in Council of Alberta, pursuant to section 9 of the Mines and Minerals Act of Alberta. (régime désigné de redevances)