CONSOLIDATION

British Columbia Forestry Revitalization Remission Order

SI/2013-1

Current to June 20, 2022



OFFICIAL STATUS OF CONSOLIDATIONS Subsections 31(1) and (3) of the Legislation Revision and Consolidation Act, in force on June 1, 2009, provide as follows: Published consolidation is evidence

31 (1) Every copy of a consolidated statute or consolidated regulation published by the Minister under this Act in either print or electronic form is evidence of that statute or regulation and of its contents and every copy purporting to be published by the Minister is deemed to be so published, unless the contrary is shown. ... Inconsistencies in regulations

(3) In the event of an inconsistency between a consolidated regulation published by the Minister under this Act and the original regulation or a subsequent amendment as registered by the Clerk of the Privy Council under the Statutory Instruments Act, the original regulation or amendment prevails to the extent of the inconsistency.

LAYOUT The notes that appeared in the left or right margins are now in boldface text directly above the provisions to which they relate. They form no part of the enactment, but are inserted for convenience of reference only.

NOTE This consolidation is current to June 20, 2022. Any amendments that were not in force as of June 20, 2022 are set out at the end of this document under the heading “Amendments Not in Force”.

Current to June 20, 2022

TABLE OF PROVISIONS British Columbia Forestry Revitalization Remission Order

Interpretation 1

Definitions

Remission 2

Eligible amount

FRT Contractor Mitigation Amount

Current to June 20, 2022

ii

Registration SI/2013-1 January 16, 2013

FINANCIAL ADMINISTRATION ACT British Columbia Forestry Revitalization Remission Order P.C. 2013-2

January 11, 2013

His Excellency the Governor General in Council, considering that it is in the public interest to do so, on the recommendation of the Minister of Finance, pursuant to section 23a of the Financial Administration Actb, makes the annexed British Columbia Forestry Revitalization Remission Order.

a

S.C. 1999, c. 31, s. 102

b

R.S., c. F-11

Current to June 20, 2022

British Columbia Forestry Revitalization Remission Order

Interpretation Definitions 1 (1) The following definitions apply in this Order.

Act means the Income Tax Act. (Loi) declaration of Subtrust means the declaration, dated January 3, 2012, that sets out the terms and conditions of the Subtrust. (déclaration de sous-fiducie) eligible amount, in respect of an eligible taxpayer, means an amount paid by the Subtrust in respect of the eligible taxpayer’s Eligible Income Tax, within the meaning assigned by section 2.02 of the declaration of Subtrust, that is attributable to an FRT Contractor Mitigation Amount. (montant admissible) eligible taxpayer has the meaning assigned by section 2.04 of the declaration of Subtrust. (contribuable admissible) FRT Contractor Mitigation Amount has the meaning assigned by section 2.01 of the declaration of Subtrust. (montant compensatoire de la FRT) Subtrust means the 2011 Contractor Mitigation Account Subtrust that was established on January 3, 2012, and is a subtrust of the BC Forestry Revitalization Trust II. (sous-fiducie) Application of meanings in Act (2) Unless the context otherwise requires, words and expressions used in this Order have the same meaning as in the Act.

Remission Eligible amount 2 Remission is granted to each eligible taxpayer of the

income tax paid or payable under Part I of the Act for a taxation year, and of any related interest and penalties, that are attributable to an eligible amount paid in the year by the Subtrust to, or for the benefit of, the eligible taxpayer.

Current to June 20, 2022

British Columbia Forestry Revitalization Remission Order Remission Section 3

FRT Contractor Mitigation Amount 3 Remission is granted to each eligible taxpayer in respect of whom an eligible amount has been paid by the Subtrust of the amount of any interest and penalties paid or payable to the extent that they relate to income tax under Part I of the Act that is attributable to an FRT Contractor Mitigation Amount paid to, or for the benefit of, the eligible taxpayer.

Current to June 20, 2022

