British Columbia Order in Council — Order under Corporation Capital Tax Effective July 1, 1999: section 1 of B (O.C. 497/2000)

O.C. 497/2000

British Columbia — Orders in Council

Executi Council PROVINCE OF BRITISH COLUMBIA ORDER OF THE LIEUTENANT GOVERNOR IN COUNCIL Order in Council No..— 197 , Approved and Ordered Executive Council Chambers, Victoria 11AR 3 0 2000 -Zet-t-41 Ligutartantaccwirer sidadalAttatot _ Admint.strame On the recommendation of the undersigned, th,- or, by and with the advice and consent of the Executive Council, orders that effective July 1, 1999,

section of the Corporation Capital Tax Regulation, B.C. Reg. 79/96 is amended by adding the following subsection:

(4) For the purposes of section 3 (2) (a) (

i) of the Act, (a) "head office" means (

i) in the case of a bank, (

A) the place specified as the head office in the bank's incorporating instrument or its by-laws, or (

B) if the address of the head office has been changed and a notice filed with the Superintendent of Financial Institutions as required under the Bank Act (Canada), the place specified as head office in that notice, and (

i) in the case of a trust company or credit union, (

A) the registered office of the corporation, or (

B) if the location of the head office of the corporation has been changed and a notice filed with the Superintendent of Financial Institutions as required under the Financial Institutions Act, the location specified in that notice, and (

b) a corporation is considered to be based in British Columbia if (

i) the decision making, policy mating and administration of the corporation take place primarily in British Columbia, and (ii) the corporation has a substantial presence in British Columbia. Minister of Finance and Corporate Relations (This

part is for administrative purposes only and is not part of the Order.) Authority under which Order is made: Act and

section - Corporation Capital Tax Act, R.S.B.C. 1996, c. 74, section 3 (6) and (7) Other (specify):- OIC 416/96 February 28, 2000 3..),D /2000/09/

Document details

Collection	British Columbia — Orders in Council
Citation	O.C. 497/2000
Type	order_in_council
Volume / chapter	arc oic 0497 2000
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	832e36cd7c618c5074888c726379ce364b44c4f2

Source file is stored in the law ingest library (pdf).