Resource Expense means an expense which is CEE, which is incurred on or after the Closing Date and on or before the Termination Date, which may be renounced by the Corporation as CEE pursuant to subsection 66(12.6) of the Tax Act in accordance with subsection 66(12.66) of the Tax Act with an effective date not later than December 31, 2008 and in respect of which, but for the renunciation, the Corporation would be entitled to a deduction in computing income for the purposes of the Tax Act.
Resource Expense means an outlay or expense incurred by a Person which is reasonably attributable to the person's acquisition of an interest in a licence or permit or the exploration, development and Production of petroleum in The Gambia with respect to a particular licence or permit, including excess operating costs, rentals paid or payable to the Government and a reasonable amount of any general administration and management or interest expense (excluding interest paid to any Affiliate) incurred for the purpose of exploration, development and production of petroleum in The Gambia with respect to the licence, but does not include-
Resource Expense means expenses which are CEE that qualify as Flow-Through Mining Expenditures and Eligible Ontario Exploration Expenditures, and that are incurred (or deemed to be incurred) during the Expenditure Period which may be renounced by the Company pursuant to subsections 66(12.6) or (12.66) of the Tax Act with an effective date not later than December 31, 2022 and in respect of which, but for the renunciation, the Company would be entitled to a deduction from income for income tax purposes.
Examples of Resource Expense in a sentence
The Respondents shall obtain representative samples of the discharge to the Town of Roanoke from the lagoon dewatering operation for each discharge event that occurs.
Revenue growth rate The revenue growth rate was based on 10% & 2% ( Agency Service Income & Freight Income) for all the projected years.
Since nodes are distributed, there is no need to host re- stricted information on the same node as public in- formation.
Departmental Resource Expense 1st Quarter shall only be used to pay legislatively approved and justified expenses of the department for the first quarter of the fiscal year.
The cumulative Resource Expense shall be calculated accordingly for any amounts received or receivable by the Licensee or the assignor pursuant to the Tax Schedule.
More Definitions of Resource Expense
Resource Expense means an expense (1) which qualifies as CEE, (2) which qualifies as a Flow-Through Mining Expenditure, (3) which qualifies as a BC Flow-Through Mining Expenditure and (4) which is incurred (or is deemed to be incurred) on or after the Closing Date and on or before the Termination Date, that will 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, 2020 and in respect of which, but for the renunciation, the Company would be entitled to a deduction from income for income tax purposes;
Resource Expense means an expense (i) which qualifies as CEE, (ii) which qualifies as a Flow-Through Critical Mineral Mining Expenditure, and (iii) which is incurred (or is deemed to be incurred) on or after the Closing Date and on or before the Termination Date, that will 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, 2022 and in respect of which, but for the renunciation, the Company would be entitled to a deduction from income for income tax purposes (if it had sufficient income), and on the date it is renounced is, for a Québec FT Purchaser or, where the FT Purchaser is a partnership, for the members of the partnership that are Québec FT Purchasers, to the extent of their respective shares of the Resource Expenses so renounced, (i) XXX Xxxxxxxx in Québec Eligible for an Additional Deduction, and (ii) Surface Mining CEE Incurred in Québec Eligible for an Additional Deduction;
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” 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;
Resource Expense means an expense which is CEE incurred (or deemed to be incurred) by the Corporation during the Expenditure Period and which qualifies as a Flow-Through Mining Expenditure, which has not been previously renounced by the Corporation to any Person, which may be renounced by the Corporation pursuant to subsection 66(12.6) of the Tax Act (in conjunction with subsection 66(12.66) of the Tax Act) with an effective date not later than December 31, 2018 and in respect of which, but for the renunciation, the Corporation would be entitled to a deduction from income for income tax purposes;
Resource Expense means an expense which is a CEE that will qualify as a Flow-Through Mining Expenditure and which is incurred on or after the Closing Date and on or before December 31, 2009 which may be renounced by the Company pursuant to subsections 66(12.6) and 66(12.66) of the Tax Act with an effective date not later than December 31, 2008 and in respect of which, but for the renunciation, the Company would be entitled to a deduction from income for income tax purposes;
Resource Expense means an expense which is CEE which is incurred on or after the Closing Date and on or before the Termination Date which may be renounced by the Corporation pursuant to subsection 66(12.6) of the Tax Act with an effective date not later than December 31, 2003 and in respect of which, but for the renunciation, the Corporation would be entitled to a deduction from income for income tax purposes;
Resource Expense means an expense which is CEE and will qualify as a Flow-Through Mining Expenditure which is incurred by the Corporation on or after the Closing Date and on or before the Termination Date which may be renounced by the Corporation pursuant to subsection 66(12.6) of the Tax Act with an effective date not later than December 31, 2021 and in respect of which, but for the renunciation, the Corporation would be entitled to a deduction from income for income tax purposes, provided, however, that if the relevant Flow-Through Subscription Agreement so provides, such expense must also be a Flow-Through Mining Expenditure;