Regional Development Incentives Regulations — 2
2 (1) In these Regulations, Act means the Regional Development Incentives Act ; ( Loi ) eligible assets means the assets approved by the Minister as forming the whole or a part of a facility or commercial facility but does not include (a) land, (b) automobiles and other means of transportation other than the material-handling devices that are used exclusively on the premises of the facility or commercial facility, (c) assets that, in the opinion of the Minister, are normally considered to be a charge against income in the year in which they are acquired, and (d) patents, franchises, copyrights and goodwill; ( actif admissible ) equity means the aggregate of the share capital, earned surplus, contributed surplus, capital surplus and shareholder’s loans that are subordinated to all other types of debt financing that the applicant provides for the financing of an operation. ( avoir des actionnaires ) (2) For the purposes of the Act, commercial operation means any commercial undertaking, other than (a) an initial processing operation or any operation described in paragraphs (a) to (d) of the definition initial processing operation , (b) a manufacturing or processing operation or any operation described in paragraphs (a) to (n) of the definition manufacturing or processing operation , or (c) an operation in a resource-based industry; ( entreprise commerciale ) initial processing operation means an operation the product of which is a fuel or a material mainly used for further processing or manufacturing, but does not include (a) the processing by roasting, leaching or smelting of mineral concentrates to produce metals, (b) the processing of wood by the sulphite process into bleached pulp in a pulp mill that prior to January 1, 1972 produced dissolving and high alpha cellulose pulp on a regular basis, (c) the converting of wood into paperboard or paper other than newsprint, or (d) the processing, other than oil refining, of a product resulting in a significant chemical change in the principal material used; ( entreprise de transformation initiale ) manufacturing or processing operation means an operation whereby any goods, products, commodities or wares are created, fabricated, refined or made more marketable but does not include (a) the transporting or merchandizing of any goods, products, commodities or wares, (b) the growing, catching or harvesting of any natural or cultivated product of nature, (c) the extracting of minerals by any method, (d) the production of energy except as an integral part of and solely for use in an operation whereby any goods, products, commodities or wares are created, fabricated, refined or made more marketable, (e) the grinding, mixing or blending of fertilizers or feedstuffs, (f) the mixing of concrete or asphalt, (g) the drying of hides, (h) the cleaning or drying of peat or Irish moss, (i) salt or potash extraction, (j) any mobile manufacturing or processing operation, (k) construction work, (l) repairing as distinct from rebuilding, (m) the rendering of consumer services, and (n) publishing other than printing; ( entreprise de fabrication ou de transformation ) resource-based industry means an industry that uses as a principal material a material (a) the original location of which is not the consequence of human design, and (b) that is in or close to its natural state. ( industrie basée sur une ressource naturelle )