Income Tax Regulations — 1205
nce in Class 28 to paragraph (l) of Class 10 in Schedule II, where the property was acquired by the taxpayer before November 17, 1978, (ii) by virtue of the reference in Class 28 to paragraph (m) of Class 10 in Schedule II, (iii) that is bituminous sands equipment acquired by an individual, or (iv) that is bituminous sands equipment acquired by a corporation before 1981, (d) all expenditures (other than expenditures referred to in paragraph (a), (b) or (c)) each of which was incurred by him before November 8, 1969 relating to a mine that came into production in reasonable commercial quantities before that date and that were incurred for the purpose of (i) exploration in respect of, or (ii) development of the mine for the purpose of gaining or producing income from the extraction of material from, a bituminous sands deposit, an oil sands deposit or an oil shale deposit, (d.1) three times the total of all amounts each of which is an amount equal to the lesser of (i) the amount that would be determined under subsection 1210(1) in computing the taxpayer’s income for a taxation year that ends before the particular time, if the amount determined for C under that subsection were nil, and (ii) the amount determined for C under subsection 1210(1) in respect of the taxpayer for that year, and (d.2) three times the aggregate of all amounts each of which is the specified amount determined under subsection 1202(4) in respect of the taxpayer for a taxation year ending after February 17, 1987 and before the particular time, exceeds the aggregate of (e) all amounts deducted by the taxpayer under section 1201 in computing his income for all taxation years ending after May 6, 1974 and before the particular time; (f) 33 1/3 per cent of the aggregate of all amounts, each of which is the stated percentage of a cost of borrowing capital, including any cost incurred prior to the commencement of carrying on a business, that was (i) included in the capital cost to him of depreciable property described in subparagraph (a)(iv), clause (a)(vi)(C) or (D) or paragraph (b) or (c), or (ii) an expenditure described in paragraph (d); (g) 33 1/3 per cent of the aggregate of all amounts, each of which is an amount (i) that became receivable by the taxpayer after April 28, 1978 and before the earlier of December 12, 1979 and the particular time, and (ii) in respect of which the consideration given by the taxpayer therefor was a property (other than a share, or a property that would have been a Canadian resource property if it had been acquired by the taxpayer at the time the consideration was given) or services, the cost of which may reasonably be regarded as having been primarily an expenditure that was added in computing (A) the taxpayer’s earned depletion base by reason of subparagraph (a)(i), (ii) or (iii) or paragraph (d), or (B) the earned depletion base of an original owner of a property by reason of subparagraph (a)(i), (ii) or (iii) or paragraph (d) as it applied to the original owner, where the taxpayer acquired the property in circumstances in which subsection 1202(2) applies, (h) 33 1/3 per cent of the aggregate of all amounts, each of which is (i) an amount in respect of a disposition of property (other than a disposition of property that had been used by the taxpayer to any person with whom the taxpayer was not dealing at arm’s length) of the taxpayer after April 28, 1978 and before the earlier of December 12, 1979 and the particular time, the capital cost of which was added in computing (A) the taxpayer’s earned depletion base by reason of subparagraph (a)(iv) or paragraph (b) or (c), or (B) the earned depletion base of an original owner of a property by reason of subparagraph (a)(iv) or paragraph (b) or (c) as it applied to the original owner, where the taxpayer acquired the property in circumstances in which subsection 1202(2) applies, and (ii) equal to the lesser of (A) the proceeds of disposition of the property, and (B) the capital cost of the