hordruma/ontario_laws_and_regs huggingface dataset:
8. (1) For the purposes of the Act, “depreciable property” means mining assets, processing assets and assets that are used for transporting processed mineral substances to market from the point at which processing is completed.  R.R.O. 1990, Reg. 769, s. 8 (1). (2) Subject to subsection (4), where, by one or more transactions between persons not dealing at arm’s length, there is a disposition of depreciable property by an operator to another operator for an amount in excess of the capital cost to the transferor, (a) the transferor shall be deemed to have disposed of the depreciable property for proceeds of disposition equal to the capital cost to the transferor; and (b) the transferee shall be deemed to have acquired the depreciable property at a capital cost equal to the capital cost to the transferor.  R.R.O. 1990, Reg. 769, s. 8 (2). (3) Subject to subsection (4), where, by one or more transactions between persons not dealing at arm’s length, there is a disposition of depreciable property by an operator to another operator for no proceeds or for proceeds less than or equal to the capital cost of the depreciable property to the transferor, the amount of the proceeds of disposition shall be the amount of the proceeds of disposition to the transferor and the capital cost of the depreciable property to the transferee.  R.R.O. 1990, Reg. 769, s. 8 (3). (4) An operator shall be deemed to have received proceeds of disposition equal to the undepreciated capital cost of the depreciable property where, (a) there is a disposition of all or substantially all of the depreciable property of a mine owned by an operator to a corporation resident in Canada with which the operator does not deal at arm’s length; (b) the Minister is satisfied that the disposition of the depreciable property is not intended to reduce the amount of tax otherwise payable under the Act; and (c) the only consideration received by the operator on the disposition is shares of the corporation or shares of the corporation and the assumption by the corporation of liabilities owed by the operator.  R.R.O. 1990, Reg. 769, s. 8 (4). (5) Where subsection (4) applies with respect to the disposition of depreciable property, (a) the capital cost of the depreciable property to the corporation shall be deemed to be the amount that was the capital cost thereof to the operator; and (b) the excess of the capital cost over the undepreciated capital cost shall be deemed to have been allowed previously to the corporation as an allowance for depreciation under subsection 3 (12) of the Act.  R.R.O. 1990, Reg. 769, s. 8 (5).