Translation of "redevance pétrolière " (French → English) :

oil royalty

Resource Royalty, Production Royalty and Incremental Resource Royalty Statement

Application for Refund of Resource Royalty, Production Royalty or Incremental Resource Royalty Tax Withheld

Resource Royalty, Production Royalty and Incremental Resource Royalty Tax Information Return

oil industry [ oil company | petroleum industry ]

petroleum exploration [ oil prospecting ]

petroleum engineers | reservoir engineer | petroleum engineer | petroleum geologist

extraction of oil [ oil extraction ]

duty or tax or fee rate description code | duty/tax/fee rate identification

duty or tax or fee rate description | duty/tax/fee rate

(3) Where a resource royalty or production royalty is not deductible in computing the production revenue of a taxpayer for a taxation year by virtue only of paragraph (1)(i), the resource royalty or production royalty may be deducted by the taxpayer in computing his production revenue for the subsequent taxation year in which the royalty is paid.

(3.1) Where a resource royalty is not deductible in computing the production revenue of a taxpayer for a taxation year by virtue only of paragraph (1)(i.1), the resource royalty may be deducted by the taxpayer in computing the taxpayer’s production revenue for the subsequent taxation year in which the royalty is paid.

26 (1) A tax shall be payable by every non-resident person, in this section referred to as the " recipient" , on every amount received by the recipient as, on account of or in lieu of payment of, or in satisfaction of a resource royalty, computed by reference to the amount or value of production of petroleum or gas after 1985 and before October 1986, unless the recipient, at the time of the receipt of the resource royalty, carries on a business described in subparagraph 66(15)(h)(i) of the Income Tax Act through one or more fixed places of business in Canada.

(2) For the purposes of subsections 26(5) and (6), where a trustee who is administering, managing, distributing, winding-up, controlling or otherwise dealing with the property, business, estate or income of another person authorizes or otherwise causes a resource royalty or a production royalty to be paid on behalf of that other person, the trustee shall be deemed to be a person making the payment and the trustee and that other person shall be jointly and severally liable in respect of the amount required by subsection 26(6) to be remitted on account of any amount required by subsection 26(5) to be deducted or withheld from the payment.