GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Petro-Canada Public Participation Act — P-11.1 2
Definitions 2 (1) In this Act, Minister means such member of the Queen’s Privy Council for Canada as is designated by the Governor in Council as the Minister for the purposes of this Act or, if no member is so designated, the Minister of State (Privatization and Regulatory Affairs); ( ministre ) Petro-Canada means the corporation given that name by subsection 4(1); ( Petro-Canada ) Petro-Canada Limited means the corporation given that name by subsection 4(2). ( Petro-Canada Limitée ) Same meaning (2) Unless a contrary intention appears, words and expressions used in this Act have the same meaning as in the Canada Business Corporations Act . Operation of Canada Business Corporations Act (3) In the event of any inconsistency between this Act and the Canada Business Corporations Act , or anything issued, made or established under that Act, this Act prevails to the extent of the inconsistency. Operation of Competition Act (4) Nothing in, or done under the authority of, this Act affects the operation of the Competition Act in respect of the acquisition of any interest in Petro-Canada. 1991, c. 10, s. 2; 1994, c. 24, s. 34(F)
Petro-Canada Public Participation Act — P-11.1
Minister means such member of the Queen’s Privy Council for Canada as is designated by the Governor in Council as the Minister for the purposes of this Act or, if no member is so designated, the Minister of State (Privatization and Regulatory Affairs); ( ministre )
Petro-Canada Public Participation Act — P-11.1
Petro-Canada means the corporation given that name by subsection 4(1); ( Petro-Canada )
Petro-Canada Public Participation Act — P-11.1
Petro-Canada Limited means the corporation given that name by subsection 4(2). ( Petro-Canada Limitée )
Petro-Canada Public Participation Act — P-11.1 3
Binding on Her Majesty 3 This Act is binding on Her Majesty in right of Canada or a province.
Petro-Canada Public Participation Act — P-11.1 4
Change of name of Petro-Canada Inc. 4 (1) The articles of Petro-Canada Inc., a corporation incorporated under the Canada Business Corporations Act , are hereby amended to change its name from “Petro-Canada Inc.” in English and French to “Petro-Canada” in both languages. Change of name of Petro-Canada (2) The name of Petro-Canada, a corporation established by the Petro-Canada Act , chapter P-11 of the Revised Statutes of Canada, 1985, is hereby changed to “Petro-Canada Limited” in English and “Petro-Canada Limitée” in French. Rights preserved (3) For greater certainty, the changes of names effected by this section do not affect an existing cause of action or claim or liability to prosecution in favour of or against a corporation whose name was so changed or its directors or officers or any civil, criminal or administrative action or proceeding to which the corporation or its directors or officers are parties. 1991, c. 10, s. 4; 1994, c. 24, s. 34(F)
Petro-Canada Public Participation Act — P-11.1 5
Transfer of Petro-Canada shares 5 The shares of Petro-Canada held by Petro-Canada Limited are hereby transferred to the Minister.
Petro-Canada Public Participation Act — P-11.1 6
Dealing with shares 6 (1) The Minister is hereby authorized to (a) acquire, hold, dispose of and otherwise deal with shares and debt obligations of, and security interests in, Petro-Canada; and (b) enter into any agreement or arrangement necessary for or incidental to any activity referred to in paragraph (a). Registration of shares (2) Shares of Petro-Canada acquired by the Minister shall be registered in the name of the Minister in the books of Petro-Canada and shall be held by the Minister in trust for Her Majesty in right of Canada.
Petro-Canada Public Participation Act — P-11.1 7
Issue and disposal of shares 7 Petro-Canada is hereby authorized to issue and sell or otherwise dispose of shares of Petro-Canada.
Petro-Canada Public Participation Act — P-11.1 8
Articles of amendment 8 (1) Forthwith after this section comes into force, Petro-Canada shall submit to the Minister for approval articles of amendment prepared in accordance with section 9. Submission to Director (2) Forthwith after the Minister approves articles of amendment submitted pursuant to subsection (1), Petro-Canada shall send the approved articles to the Director. Presumption (3) Articles of amendment sent to the Director pursuant to this section are, subject to this Act, deemed for all purposes to have been sent under section 177 of the Canada Business Corporations Act . 1991, c. 10, s. 8; 1994, c. 24, s. 34(F)
Petro-Canada Public Participation Act — P-11.1 9
t means (a) an individual, other than a Canadian citizen, who is not ordinarily resident in Canada, (b) a corporation incorporated, formed or otherwise organized outside Canada, (c) a foreign government or an agency thereof, (d) a corporation controlled by non-residents as defined in any of paragraphs (a) to (c), (e) a trust (i) established by a non-resident as defined in any of paragraphs (b) to (d), other than a trust for the administration of a pension fund for the benefit of individuals a majority of whom are residents, or (ii) in which non-residents as defined in any of paragraphs (a) to (d) have more than fifty per cent of the beneficial interest, or (f) a corporation that is controlled by a trust described in paragraph (e), but does not include (g) a mutual company within the meaning of the Insurance Companies Act , if its head office and chief place of business are situated in Canada and at least three quarters of its board of directors and each committee of its directors are Canadian citizens who are ordinarily resident in Canada, or (h) a company within the meaning of that Act that is a subsidiary of a foreign institution within the meaning of that Act or a foreign company within the meaning of that Act, where the company or the foreign company is acquiring shares to form part of the assets of a segregated fund maintained pursuant to section 451 or 593 of that Act that has been established with respect to one or more policies or amounts for the administration of a pension fund for the benefit of individuals a majority of whom are residents; ( non-résident ) person includes any individual, corporation, government or agency thereof, trustee, executor, administrator and other legal representative; ( personne ) resident means an individual, corporation, government or agency thereof or trust that is not a non-resident; ( résident ) upstream assets means assets used in the exploration for, or in the development, production and marketing of, crude oil, natural gas, natural gas liquids, bitumen, synthetic oils and sulphur; ( biens de production ) voting share means a share carrying a voting right under all circumstances or under some circumstances that have occurred and are continuing, and includes a security currently convertible into such a share and currently exercisable options and rights to acquire such a share or such a convertible security. ( action avec droit de vote ) 1991, c. 10, s. 9; 1993, c. 34, s. 101; 1994, c. 47, s. 220; 2001, c. 18, s. 2
Petro-Canada Public Participation Act — P-11.1
corporation includes a body corporate, partnership and unincorporated organization; ( société )
Petro-Canada Public Participation Act — P-11.1
downstream assets means assets used in the refining of crude oil or in the distribution and marketing of refined petroleum products and related goods and services; ( biens de commercialisation )
Petro-Canada Public Participation Act — P-11.1 (a)
non-resident means (a) an individual, other than a Canadian citizen, who is not ordinarily resident in Canada, (b) a corporation incorporated, formed or otherwise organized outside Canada, (c) a foreign government or an agency thereof, (d) a corporation controlled by non-residents as defined in any of paragraphs (a) to (c), (e) a trust (i) established by a non-resident as defined in any of paragraphs (b) to (d), other than a trust for the administration of a pension fund for the benefit of individuals a majority of whom are residents, or (ii) in which non-residents as defined in any of paragraphs (a) to (d) have more than fifty per cent of the beneficial interest, or (f) a corporation that is controlled by a trust described in paragraph (e), but does not include (g) a mutual company within the meaning of the Insurance Companies Act , if its head office and chief place of business are situated in Canada and at least three quarters of its board of directors and each committee of its directors are Canadian citizens who are ordinarily resident in Canada, or (h) a company within the meaning of that Act that is a subsidiary of a foreign institution within the meaning of that Act or a foreign company within the meaning of that Act, where the company or the foreign company is acquiring shares to form part of the assets of a segregated fund maintained pursuant to section 451 or 593 of that Act that has been established with respect to one or more policies or amounts for the administration of a pension fund for the benefit of individuals a majority of whom are residents; ( non-résident )
Petro-Canada Public Participation Act — P-11.1
person includes any individual, corporation, government or agency thereof, trustee, executor, administrator and other legal representative; ( personne )
Petro-Canada Public Participation Act — P-11.1
resident means an individual, corporation, government or agency thereof or trust that is not a non-resident; ( résident )
Petro-Canada Public Participation Act — P-11.1
upstream assets means assets used in the exploration for, or in the development, production and marketing of, crude oil, natural gas, natural gas liquids, bitumen, synthetic oils and sulphur; ( biens de production )
Petro-Canada Public Participation Act — P-11.1
voting share means a share carrying a voting right under all circumstances or under some circumstances that have occurred and are continuing, and includes a security currently convertible into such a share and currently exercisable options and rights to acquire such a share or such a convertible security. ( action avec droit de vote )
Petro-Canada Public Participation Act — P-11.1 10
Restriction on amendment 10 Petro-Canada and its shareholders and directors shall not (a) make any articles or by-laws inconsistent with this Act or the provisions included in its articles of amendment pursuant to subsection 9(1); or (b) apply for continuance of Petro-Canada in another jurisdiction.
Petro-Canada Public Participation Act — P-11.1 11
Discharge 11 The Minister of Finance, on behalf of Her Majesty in right of Canada, may (a) enter into an agreement or other arrangement with Petro-Canada Limited, Petro-Canada or any other person respecting the service or discharge of any debt or obligation incurred by Petro-Canada Limited; and (b) pay out of the Consolidated Revenue Fund such amounts as are necessary to service or discharge any such debt or obligation.
Petro-Canada Public Participation Act — P-11.1 12
Adjustment of accounts of Canada 12 The Minister, after consultation with the President of the Treasury Board, shall cause such adjustments to be made in the accounts of Canada as are required as a result of any transaction authorized or required by this Act.
Petro-Canada Public Participation Act — P-11.1 13
Transfer of shares 13 (1) Petro-Canada Limited is hereby authorized to transfer, and on the direction of the Governor in Council shall transfer, all the shares of Petro-Canada International Assistance Corporation held by Petro-Canada Limited to such member of the Queen’s Privy Council for Canada as the Governor in Council may designate as the Minister for the purposes of this section. Dealing with shares (2) The Minister designated pursuant to subsection (1) is hereby authorized to (a) acquire, hold, dispose of and otherwise deal with shares and debt obligations of, and security interests in, Petro-Canada International Assistance Corporation; and (b) enter into any agreement or arrangement necessary for or incidental to any activity referred to in paragraph (a). Registration of shares (3) The shares transferred pursuant to subsection (1) shall be registered in the name of the designated Minister in the books of Petro-Canada International Assistance Corporation and shall be held by that Minister in trust for Her Majesty in right of Canada. Provision not applicable (4) Section 91 of the Financial Administration Act does not apply in respect of the transfer of shares pursuant to subsection (1). Procurement of dissolution (5) The Minister designated pursuant to subsection (1) is hereby authorized to procure, with the approval of the Governor in Council, the dissolution of Petro-Canada International Assistance Corporation and, for that purpose, may do and perform all acts and things necessary for or incidental to that dissolution.
Petro-Canada Public Participation Act — P-11.1 14
Dissolution of Petro-Canada Limited 14 (1) Petro-Canada Limited is hereby dissolved. Ministerial powers (2) The Minister of Natural Resources may do and perform all acts and things necessary for or incidental to the dissolution of Petro-Canada Limited. 1991, c. 10, s. 14; 1994, c. 41, s. 37
Petro-Canada Public Participation Act — P-11.1 16
Definition of issuance date 16 (1) In this section, issuance date means the date on which shares of Petro-Canada are first issued after the coming into force of section 7 to any person, other than the Minister. Appointment (2) Before the issuance date, the Minister may, with the approval of the Governor in Council, appoint the chairperson, chief executive officer and other directors of Petro-Canada to hold office during pleasure for a term not exceeding one year. Re-appointment (3) A director of Petro-Canada, including a director holding office on the coming into force of this section, is eligible for re-appointment under subsection (2) to the board of directors in the same or another capacity. Termination of office (4) The directors of Petro-Canada holding office on the coming into force of this section cease to hold office when the directors first appointed under subsection (2) take office, unless re-appointed under that subsection. Idem (5) Notwithstanding subsection (2), the term of office of a director who holds office on the issuance date ends at the close of the first annual meeting of shareholders of Petro-Canada held after that date, which meeting shall be held not later than six months after the end of Petro-Canada’s financial year in which that date falls. Inconsistency (6) In the event of any inconsistency between this section and the Financial Administration Act , this section prevails to the extent of the inconsistency. Presumption (7) In the period between the issuance date and the first annual meeting of shareholders of Petro-Canada held thereafter, Petro-Canada shall be deemed not to be a parent Crown corporation within the meaning and for the purposes of the Financial Administration Act .
Petro-Canada Public Participation Act — P-11.1 17
Pension rights 17 (1) In the manner and to the extent provided by the regulations made under subsection (3), the Public Service Superannuation Act , the Supplementary Retirement Benefits Act and the regulations made under those Acts apply to any person who meets all of the following criteria: (a) the person, on the coming into force of section 5, was employed by Petro-Canada Limited and was a contributor under the Public Service Superannuation Act and, immediately before the coming into force of this section, was employed by that corporation or Petro-Canada; (b) the President of the Treasury Board has not made a payment to Petro-Canada Limited pursuant to section 40 of the Public Service Superannuation Act in respect of the pensionable service to that person’s credit under that Act immediately before the coming into force of this section; (c) the person has not received or opted to receive any annuity or other benefit under section 12 or 13 of the Public Service Superannuation Act in respect of the pensionable service to that person’s credit under that Act immediately before the coming into force of this section; and (d) the person elects, within one year after the coming into force of this section and in such form and manner as the President of the Treasury Board may direct, to have the Public Service Superannuation Act , the Supplementary Retirement Benefits Act and the regulations made under those Acts apply to the person in the manner and to the extent provided by the regulations made under subsection (3). Election irrevocable (2) An election referred to in paragraph (1)(d) is irrevocable. Regulations (3) The Governor in Council may, on the recommendation of the President of the Treasury Board, make regulations (a) respecting the manner in which and the extent to which provisions, as amended, of the Acts and regulations referred to in subsection (1) apply to persons who make an election under paragraph (1)(d); (b) adapting provisions of those Acts and regulations for the purposes of this section; and (c) generally for carrying out the purposes and provisions of this section. Retroactive application of regulations (4) Regulations made under subsection (3) may, if they so provide, be retroactive and have effect with respect to any period before they were made.
Petro-Canada Public Participation Act — P-11.1 19
19 (1) [Amendment] Idem (2) A reference to “Petro-Canada” in any regulation, order, rule, contract, instrument or document shall, unless the context otherwise requires, be read as a reference to “Petro-Canada Limited” in the English version and “Petro-Canada Limitée” in the French version.
Petro-Canada Public Participation Act — P-11.1 Coming into force
Coming into force * 21 (1) Subject to subsection (2), subsection 14(1) and sections 15, 17 and 20 shall come into force on a day or days to be fixed by order of the Governor in Council, made on the recommendation of the Minister of Natural Resources. Idem (2) Subsection 18(1), section 20 in relation to item 4 of the schedule and item 4 of the schedule shall come into force on a day or days to be fixed by order of the Governor in Council. * [Note: Section 17 in force November 29, 1991, see SI/91-162; subsection 14(1), section 15 and section 20 in relation to all items of the schedule other than item 4 in force February 5, 2001, see SI/2001-17; subsection 18(1), section 20 in relation to item 4 of the schedule and item 4 of the schedule repealed before coming into force, see 2008, c. 20, s. 3.] 1991, c. 10, s. 21; 1994, c. 41, s. 37
Petroleum and Gas Revenue Tax Act — P-12 1
Short title 1 This Act may be cited as the Petroleum and Gas Revenue Tax Act . 1980-81-82-83, c. 68, s. 78
Petroleum and Gas Revenue Tax Act — P-12 2
very project” in subsection (1) unless a joint election made under subsection 5(9) in respect of the project has been filed with the Minister of National Revenue in accordance with subsection 5(10). Late-filed request (12) Where, in the opinion of the Minister of Natural Resources, the circumstances of a case are such that it would be just and equitable to permit a request for certification to be filed under paragraph (11)(a) after the day on or before which it is required by that paragraph to be filed, that Minister may permit the request to be filed after that day and, where the request is filed pursuant to the permission, the request shall be deemed to have been filed on the day on or before which it is required to be filed. R.S., 1985, c. P-12, s. 2; R.S., 1985, c. 2 (2nd Supp.), s. 1, c. 51 (4th Supp.), s. 16; 1994, c. 41, s. 37
Petroleum and Gas Revenue Tax Act — P-12 (a)
approved recovery project means (a) a project certified in writing by the Minister of Natural Resources to have commenced operations after March 31, 1985 and to be a water-flood or a major expansion to a water-flood, (b) a prescribed project certified in writing by the Minister of Natural Resources to have commenced operations after 1982, or (c) a project certified in writing by the Minister of Finance and the Minister of Natural Resources as a major energy project that commenced operations after March 31, 1985; ( installation approuvée de récupération )
Petroleum and Gas Revenue Tax Act — P-12 (a)
Crown royalty of a person for a taxation year in respect of the production in the year of petroleum or gas from a well or bituminous sands, oil sands or oil shale deposit or the ownership of a natural reservoir of gas or petroleum in Canada or a bituminous sands, oil sands or oil shale deposit in Canada means the amount, if any, by which the aggregate of the amounts, (a) paid, payable or receivable as prescribed in respect of that production or ownership, (b) included in computing his income for the year by virtue of paragraph 12(1)(o) of the Income Tax Act in respect of that production or ownership, (c) that were not deductible in computing his income for the year by virtue of paragraph 18(1)(m) of the Income Tax Act in respect of that production or ownership, (d) by which, in respect of the disposition by him of that production, his proceeds of disposition were increased by virtue of subsection 69(6) of the Income Tax Act , and (e) by which, in respect of the acquisition by him of that production, his cost was reduced by virtue of subsection 69(7) of the Income Tax Act exceeds the aggregate of all reimbursements referred to in section 80.2 of the Income Tax Act received or receivable by him for the year in respect of that production or ownership; ( redevance à la Couronne ou redevance en faveur de la Couronne )
Petroleum and Gas Revenue Tax Act — P-12
crude oil means a liquid mixture of hydrocarbons, other than heavy oil, recovered from a natural reservoir in Canada; ( pétrole brut )
Petroleum and Gas Revenue Tax Act — P-12 (a)
deepened well means an oil or gas well that, after (a) being capable of producing petroleum or gas from an accumulation of petroleum or gas, or (b) being drilled for the purpose of producing petroleum or gas from an accumulation of petroleum or gas and having been abandoned, is deepened by further drilling commenced after March 31, 1985 for the purpose of producing petroleum or gas from a different accumulation of petroleum or gas; ( puits approfondi de pétrole ou de gaz )
Petroleum and Gas Revenue Tax Act — P-12
exempt percentage , for a period in respect of an approved recovery project, means a percentage approved in writing by the Minister of Natural Resources for that period in respect of the project; ( pourcentage d’exonération )
Petroleum and Gas Revenue Tax Act — P-12
Federal Court [Repealed, R.S., 1985, c. 51 (4th Supp.), s. 16]
Petroleum and Gas Revenue Tax Act — P-12
gas means natural gas or any fluid hydrocarbon, other than a hydrocarbon that is a liquid in its naturally occurring state, recovered from a natural reservoir in Canada; ( gaz )
Petroleum and Gas Revenue Tax Act — P-12
incremental Crown royalty [Repealed, R.S., 1985, c. 2 (2nd Supp.), s. 1]
Petroleum and Gas Revenue Tax Act — P-12
incremental oil revenue [Repealed, R.S., 1985, c. 2 (2nd Supp.), s. 1]
Petroleum and Gas Revenue Tax Act — P-12
incremental payout [Repealed, R.S., 1985, c. 2 (2nd Supp.), s. 1]
Petroleum and Gas Revenue Tax Act — P-12
incremental production royalty [Repealed, R.S., 1985, c. 2 (2nd Supp.), s. 1]
Petroleum and Gas Revenue Tax Act — P-12
incremental resource royalty [Repealed, R.S., 1985, c. 2 (2nd Supp.), s. 1]
Petroleum and Gas Revenue Tax Act — P-12
Minister means the Minister of National Revenue; ( ministre )
Petroleum and Gas Revenue Tax Act — P-12
new deep production means that part of the production from a deepened well that is directly attributable to the deepening; ( production nouvelle en profondeur )
Petroleum and Gas Revenue Tax Act — P-12
old oil [Repealed, R.S., 1985, c. 2 (2nd Supp.), s. 1]
Petroleum and Gas Revenue Tax Act — P-12
old oil base price [Repealed, R.S., 1985, c. 2 (2nd Supp.), s. 1]
Petroleum and Gas Revenue Tax Act — P-12
payout , in respect of a royalty, has the meaning assigned by subsection 26(7) or (9), whichever is applicable; ( reversement )