English: (4) The definitions "allowed operating costs", "investment royalty credit balance", "month of payout", "net revenues", "point of production", "project", "project commencement date", "qualified frontier exploration expenses" and "transportation facility" in subsection 2(1) of the Regulations are replaced by the following: "allowed operating costs" of an interest holder of a production licence in relation to a project in respect of any month means, if there is only one interest holder, the allowed operating costs of the project or, if there is more than one interest holder, the allowed operating costs of the project attributed to that interest holder, that are (a) described in and calculated in accordance with Schedule I, and (b) incurred in that month; (frais d'exploitation déductibles) "investment royalty credit balance" of an interest holder in respect of a month means the amount, if any, by which the aggregate of all of that interest holder's investment royalty credits exceeds the aggregate of all amounts deducted under subsection 3(3) in respect of the months preceding that month; (solde du crédit de redevance à l'investissement) "month of payout" of an interest holder of a production licence in relation to a project means the first month in respect of which the interest holder's cumulative gross revenues in relation to the project are equal to or greater than the interest holder's cumulative costs in relation to the project; (mois de recouvrement de l'investissement initial) "net revenues" of an interest holder of a production licence in relation to a project in respect of a month means the amount by which the interest holder's gross revenues in that month exceed the aggregate of the interest holder's (a) allowed capital costs in relation to the project in respect of that month, (b) allowed operating costs in relation to the project in respect of that month, (c) capital cost adjustment in relation to the project in respect of that month, and (d) operating cost adjustment in relation to the project in respect of that month; (revenus nets) "point of production" means the point at which transportable petroleum leaves production infrastructure; (point de production) "project" means a project described in a development plan; (projet) "project commencement date" means the date on which a project development plan is approved; (date de démarrage du projet) "qualified frontier exploration expenses" means the aggregate of all expenses that are incurred in the drilling or completing of an exploratory well, an exploratory probe or a delineation well that is located on frontier lands in respect of which the Act applies, or in preparing the site in respect of such a well or in the building of a temporary access road to the site, and that (a) are incurred on or before December 31, 2007, (b) do not exceed $5 million in respect of any one well, (c) are not non-qualifying expenses, and (d) are reasonable in the circumstances; (frais d'exploration admissibles sur des terres domaniales) "transportation facility" means a pipeline, tanker or other transportation equipment used to deliver petroleum from project lands, or, in the case described in paragraph 1(1)(m) of Schedule I, from production infrastructure, to the point at which the petroleum is delivered to the first purchaser of the petroleum; (réseau de transport) (5) The definition "attribué" in subsection 2(1) of the French version of the Regulations is replaced by the following: « attribué » Réparti conformément à une convention de répartition ou, à défaut d'une telle convention, raisonablement réparti.
French: (attributed) (6) La définition de « non-qualifying expense », au paragraphe 2(1) de la version anglaise du même règlement, est remplacée par ce qui suit : "non-qualifying expense" means an expense (a) that is a Canadian exploration and development overhead expense within the meaning of section 1206 of the Income Tax Regulations, as amended from time to time, or (b) in respect of which a reimbursement, compensation or other payment is made, including any amount of assistance or benefit from a government, municipality or other public authority, whether as a grant, subsidy, forgivable loan, deduction from royalty or tax, investment allowance or any other form of assistance or benefit; (frais non admissibles) (7) L'alinéa b) de la définition de « rajustement du coût en capital », au paragraphe 2(1) du même règlement, est remplacé par ce qui suit : b) dans le cas du mois au cours duquel tombe la date de démarrage d'un projet et de tout mois suivant celui-ci, un montant égal à 1 % des coûts en capital déductibles de l'indivisaire à l'égard de ce projet pour le mois, à l'exception de toute somme réputée être un coût en capital déductible en vertu du paragraphe (2), à l'égard du projet pour le mois suivant. (capital cost adjustment) (8) Le passage de la définition de « allowed capital costs » précédant l'alinéa a), au paragraphe 2(1) de la version anglaise du même règlement, est remplacé par ce qui suit : "allowed capital costs" of an interest holder of a production licence in relation to a project in respect of any month means, if there is only one interest holder, the allowed capital costs of the project or, if there is more than one interest holder, the allowed capital costs of the project attributed to that interest holder, that are (9) Le paragraphe 2(1) du même règlement est modifié par adjonction, selon l'ordre alphabétique, de ce qui suit : « abandon et restauration » S'entend de l'une ou l'autre des activités ci-après, auxquelles sont liés les coûts en capital déductibles du projet, entreprises à l'égard de puits ou d'infrastructures de production ou à l'égard d'opérations d'ordre géologique, géophysique ou géochimique : a) l'abandon d'un puits; b) la destruction, la mise hors service, l'enlèvement, le démontage ou le déclassement d'une infrastructure de production; c) l'épuration, le nettoyage, l'assainissement ou toute autre méthode de traitement et de gestion des sols ou de l'eau altérés — dans la mesure où l'ampleur et l'importance des dommages correspondent à des dommages environnementaux raisonnablement prévisibles lorsque des activités sont exercées selon de saines pratiques de production — afin qu'ils retrouvent une capacité et une qualité semblables à celles d'origine; d) le contrôle de l'efficacité des activités visées aux alinéas a) à c).