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Canada–Newfoundland and Labrador Atlantic Accord Implementation Act (S.C. 1987, c. 3)

Act current to 2019-08-28 and last amended on 2019-08-28. Previous Versions

PART IVRevenue Sharing (continued)

Regulations

Marginal note:Regulations

 The Governor in Council may, on the recommendation of the Minister of Finance, make regulations

  • (a) excluding, for the purposes of this Act, any provision or any part of a provision of the Consumption Tax Acts, the Newfoundland and Labrador Income Tax Act, the Insurance Companies Tax Act or the Petroleum and Natural Gas Act as defined in subsection 97(1) or of any regulation referred to in subsection 97(4.1), 207(3.1), 208(3) or 211(3.1) that is inconsistent with this Act, the Atlantic Accord or any bilateral or international treaty, convention or agreement respecting taxation, tariffs or trade to which the Government of Canada is a signatory; and

  • (b) prescribing anything that is by this Part to be prescribed.

  • 1987, c. 3, s. 216
  • 2014, c. 13, s. 51

Appropriation

Marginal note:Appropriation

 In respect of any fiscal year, the Federal Minister may pay out of the Consolidated Revenue Fund, at such times and in such manner as may be prescribed,

  • (a) an amount to Her Majesty in right of the Province on account of amounts that have been refunded or reimbursed during that fiscal year by the Government of the Province to taxpayers in respect of taxes paid under this Part; and

  • (b) amounts payable during that fiscal year to Her Majesty in right of the Province pursuant to paragraph 214(2)(b).

PART V[Repealed, 2015, c. 4. s. 69]

 [Repealed, 2015, c. 4, s. 69]

 [Repealed, 2015, c. 4, s. 69]

 [Repealed, 2015, c. 4, s. 69]

 [Repealed, 2015, c. 4, s. 69]

 [Repealed, 2015, c. 4, s. 69]

 [Repealed, 2015, c. 4, s. 69]

 [Repealed, 2015, c. 4, s. 69]

 [Repealed, 2015, c. 4, s. 69]

 [Repealed, 2015, c. 4, s. 69]

 [Repealed, 2015, c. 4, s. 69]

 [Repealed, 2015, c. 4, s. 69]

PART VI[Repealed, 2015, c. 4. s. 69]

 [Repealed, 2015, c. 4, s. 69]

 [Repealed, 2015, c. 4, s. 69]

 [Repealed, 2015, c. 4, s. 69]

 [Repealed, 2015, c. 4, s. 69]

 [Repealed, 2015, c. 4, s. 69]

 [Repealed, 2015, c. 4, s. 69]

PART VIICorporate Income Tax

 [Amendments]

PART VIIITransitional, Consequential and Commencement

Transitional

Marginal note:Initial payment to environmental studies fund during transitional period

 Notwithstanding section 49 of the Canada Oil and Gas Act as it read immediately before the coming into force of this section, where an exploration agreement in relation to any portion of the offshore area was entered into or negotiations in respect thereof were completed under the Canada Oil and Gas Act on or after February 11, 1985 and before the coming into force of Part VII of the Canada Petroleum Resources Act,

  • (a) the interest owner shall deposit for payment into the relevant fund an amount determined in accordance with subsection 81(2) of the Canada Petroleum Resources Act; and

  • (b) where, prior to the coming into force of this section, there has been deposited for payment into the relevant fund in relation to that exploration agreement an amount determined in accordance with section 49 of the Canada Oil and Gas Act as it read immediately before the coming into force of this section, the Minister may refund to the interest owner an amount equal to the difference between that amount and the amount required to be deposited under paragraph (a).

Consequential Amendments

 [Amendments to other Acts]

Coming into Force

Marginal note:Coming into force

  • Footnote * (1) Subject to subsection (2), this Act or any provision thereof shall come into force on a day or days to be fixed by proclamation.

  • Marginal note:Idem

    (2) Sections 211, 234 and 235 are applicable to taxation years commencing after April 4, 1987.

    • Return to footnote *[Note: Act, except Division VIII of Part II and sections 207 and 208, in force April 4, 1987, see SI/87-88; Division VIII of Part II, in force May 20, 1988, see SI/88-102; sections 207 and 208, in force January 23, 1996, see SI/96-20.]

  • 1987, c. 3, s. 239
  • 1991, c. 49, s. 237
 
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