Québec Tax Act definition

Québec Tax Act means the Taxation Act (Québec), as amended from time to time.

Québec Tax Act means the Taxation Act (Québec) and all rules and regulations made pursuant thereto, all as may be amended, re-enacted or replaced from time to time and any proposed amendments thereto announced publicly from time to time;

Québec Tax Act means the Taxation Act (Québec), including the regulations promulgated thereunder, each as amended from time to time.

Examples of Québec Tax Act in a sentence

• Any reference in this Agreement to a filing or similar requirement imposed under the Tax Act shall include, for Québec income tax purposes, а reference to the equivalent filing or similar requirement, where applicable, under the Québec Tax Act; provided that, if no filing or similar requirement is provided under the Québec Tax Act, a copy of any material filed under the Tax Act shall be filed with the Agence du revenu du Québec.

• The Corporation shall not be subject to the provisions of subsection 66(12.67) of the Tax Act and section 359.9 of the Québec Tax Act in a manner which impairs its ability to renounce Resource Expenses to the Purchasers in an amount equal to the Commitment Amount.

• Any reference to a word or term defined in the Tax Act shall include, for purposes of Québec income taxation, a reference to the equivalent word or term, where applicable, defined in the Québec Tax Act.

• This section only applies to a Purchaser who is liable for tax under the Québec Tax Act or is a partnership of which a partner or limited partner is liable for tax under the Québec Tax Act (a “Québec Purchaser”) regarding Qualifying Expenses incurred with respect to mineral resource properties situated in the Province of Québec, Canada.

• The Shares issued pursuant to this Prospectus will qualify as ‘flow-through shares’ as defined in the Income Tax Act (Canada) (Act) and Taxation Act (Québec) (Québec Tax Act).

• Without limiting the generality of the foregoing, an obligation of the Company to renounce an amount of Resource Expenses to a FT Purchaser with respect to a Flow-Through Unit under the Tax Act shall include, for the purposes of Québec income taxation, an obligation to renounce such amount under the Québec Tax Act to Québec FT Purchasers.

• Any reference to the Tax Act or a provision thereof shall include, for purposes of Québec income taxation, a reference to the Québec Tax Act or the equivalent provision thereof, where applicable.

• Any reference to a filing or similar requirement imposed under the Tax Act shall include, for purposes of Québec income taxation, a reference to the equivalent filing or similar requirement, where applicable, under the Québec Tax Act; provided that, if no filing or similar requirement is provided under the Québec Tax Act, a copy of any material filed under the Tax Act will be filed with the QRA.

• The amount of the Commitment Amount paid by the Purchasers of Flow-Through Shares will be included in (i) “the exploration base relating to certain Québec surface mining exploration expenses or oil and gas exploration expenses”, as such term is defined in section 726.4.17.2 of the Québec Tax Act; and (ii) the “exploration base relating to certain Québec exploration expenses”, as such term is defined in section 726.4.10 of the Québec Tax Act.

• Any reference in this Agreement to the Tax Act or a provision thereof shall include, for Québec income tax purposes, а reference to the Québec Tax Act or the equivalent provision thereof, if any.

More Definitions of Québec Tax Act

Québec Tax Act means the Taxation Act (Québec).

Québec Tax Act means the Taxation Act (Québec), R.S.Q. c. 1-3, together with any and all regulations promulgated thereunder, and as amended from time to time, and including, where applicable, any specific proposals to amend the said Act or regulations that have been publicly announced by the Ministre des Finances (Québec) prior to the date hereof; (u) “Resource Expense” means an expense which (i) is incurred (or deemed to be incurred) by the Company during the Expenditure Period; (ii) qualifies as CEE which may be renounced by the Company pursuant to subsection 66(12.6) of the Tax Act (in conjunction with subsection 66(12.66) of the Tax Act, as necessary) with an effective date not later than December 31, 2024 and in respect of which, but for the renunciation, the Company would be entitled to a deduction from income for income tax purposes; (iii) qualifies as a Flow-Through Mining Expenditure; and (iv) for a ON Purchaser, qualifies as an Eligible Ontario Exploration Expenditure; (v) “Selling Provinces” means, collectively, each of the provinces of Canada, except for Québec; (w) “Subscribers” means, collectively, each of those persons listed in Exhibit A attached hereto and, if applicable, includes each beneficial purchaser for whom any such person is acting if any such person is not purchasing the FT Shares as principal; (x) “Tax Act” means the Income Tax Act (Canada) and the regulations thereunder, as amended, reenacted or replaced from time to time, including all specific proposals to amend the Tax Act publicly announced by or on behalf of the Minister of Finance (Canada) prior to the date hereof and assumes that all such tax proposals will be enacted in the form proposed; and (y) “Termination Date” means December 31, 2025.

Québec Tax Act means the Taxation Act (Québec), R.S.Q. c. 1-3, together with any and all regulations promulgated thereunder, and as amended from time to time, and including, where applicable, any specific proposals to amend the said Act or regulations that have been publicly announced by the Ministre des Finances (Québec) prior to the date hereof; (u) “Resource Expense” means an expense which (i) is incurred (or deemed to be incurred) by the Company during the First Tranche CDE Expenditure Period, the Second Tranche CDE Expenditure Period, and/or the Third Tranche CDE Expenditure Period, as applicable; (ii) qualifies as CDE and ACDE incurred during the First Tranche CDE Expenditure Period, the Second Tranche CDE Expenditure Period, or the Third Tranche CDE Expenditure Period, as applicable, which may be renounced by the Company pursuant to subsection 66(12.62) of the Tax Act with an effective date not later than March 31, 2025, September 30, 2025, or December 31, 2025, as applicable, and in respect of which, but for the renunciation, the Company would be entitled to a deduction from income for income tax purposes; (v) “Second Tranche CDE Aggregate Commitment Amount” means the amount of C$8,200,000; (w) “Second Tranche CDE Commitment Amount” means, in respect of each Subscriber, such Subscriber’s portion (determined pro rata by number of FT Shares subscribed for) of the Second Tranche CDE Aggregate Commitment Amount, being an amount equal to the Second Tranche CDE Aggregate Commitment Amount multiplied by a fraction, the numerator of which is the number of FT Shares subscribed for by the Subscriber hereunder and the denominator of which is 890,000; (x) “Second Tranche CDE Expenditure Period” means the period commencing on the date of acceptance of this Subscription Agreement and ending on the earlier of: i. the date on which the Second Tranche CDE Aggregate Commitment Amount (in addition to the First Tranche CDE Aggregate Commitment Amount) has been fully expended in accordance with the terms hereof; and ii. the Second Tranche CDE Termination Date. (y) “Second Tranche CDE Termination Date” means September 30, 2025; (z) “Selling Provinces” means, collectively, each of the provinces of Canada, except for Québec; (aa) “Subscribers” means, collectively, each of those persons listed in Exhibit A attached hereto and, if applicable, includes each beneficial purchaser for whom any such person is acting if any such person is not purchasing the FT Shares as principal; (bb) “Tax Act...