Ministry of Small Business and Revenue Statutes Correction Regulation, 2006

Corrections to Ministry of Small Business and Revenue statutes

1 The following statutes are corrected as set out in the attached Schedule:

(a) Home Owner Grant Act;

(b) Hotel Room Tax Act;

(d) Insurance Premium Tax Act;

(e) International Financial Activity Act;

(f) Land Tax Deferment Act;

(g) Mineral Tax Act;

(h) Small Business Venture Capital Act;

(i) Social Service Tax Act;

(j) Tobacco Tax Act.

1 Section 1 of the Home Owner Grant Act, R.S.B.C. 1996, c. 194, is amended in paragraph (b) of the definition of "relative" by striking out "sections 2 (3)," and substituting "sections 2 (6),".

2 Section 15 is amended by striking out "Local Government Act," and substituting "Community Charter".

3 Section 15.1 (1) is amended by striking out "section 367 of the Local Government Act" and substituting "section 235 of the Community Charter".

4 Section 17 (1) (d) is amended by striking out "subsections (6) and (9)" and substituting "subsections (4) and (7)".

5 Section 21 (1) (a) of the Hotel Room Tax Act, R.S.B.C. 1996, c. 207, is amended by striking out "appeal that are" and substituting "appeal that" and by repealing subparagraph (i) and substituting the following:

(i) are due and payable, or .

6 Section 4.721 (5) of the Income Tax Act, R.S.B.C. 1996, c. 215, is amended by striking out "filing due-date" and substituting "filing-due date".

7 Section 1 of the Insurance Premium Tax Act, R.S.B.C. 1996, c. 232, is amended in paragraph (b.1) of the definition of "taxpayer" by renumbering paragraphs (a), (b) and (c) as subparagraphs (i), (ii) and (iii), respectively.

8 Section 32 (2) of the International Financial Activity Act, S.B.C. 2004, c. 49, is amended by striking out "3 years after the end after the taxation year" and substituting "3 years after the end of the taxation year".

9 Section 62 (2) (f) (v) is amended by striking out "wilfulling" and substituting "wilfully".

10 Section 5 (3) (e) (ii) of the Land Tax Deferment Act, R.S.B.C. 1996, c. 249, is amended by striking out "Immigration Act (Canada)" and substituting "Immigration and Refugee Protection Act (Canada)".

11 Section 5 (2) (a) of the Mineral Tax Act, R.S.B.C. 1996, c. 291, is amended by striking out "fiscal year of the mine" and substituting "fiscal year of the mine,".

12 Section 28.6 (1) (e) of the Small Business Venture Capital Act, R.S.B.C. 1996, c. 429, is amended by striking out "the eligible business corporation does not conform" and substituting "does not conform".

13 Section 28.93 (d) is amended by striking out "a eligible business corporation" and substituting "an eligible business corporation".

14 Section 1 of the Social Service Tax Act, R.S.B.C. 1996, c. 431, is amended in the definition of "purchase price"

(a) by striking out ‘ "purchase price",' and substituting ‘ "purchase price" means the following:',

(b) at the end of each of paragraphs (a) to (c), by striking out the comma and substituting a semicolon, and

(c) in paragraph (d) by striking out "taxable service, and" and substituting "taxable service;".

15 Section 29 (4) (a) is amended by striking out "a the ratio of" and substituting "the ratio of".

(b) prescribed tangible personal property purchased or leased by a bona fide farmer that is to be used, and is used, solely for a farm purpose;

(c) prescribed tangible personal property purchased or leased by a bona fide aquaculturist that is to be used, and is used, solely for an aquaculture purpose; .

17 Section 117 (2) is amended by striking out "assess interest calculated" and substituting "assess interest, calculated".

(a) in paragraph (c.2) by striking out "subsection (f)" and substituting "paragraph (f)", and

(b) in paragraph (c.3) by striking out "subsection (f.1) (i)" and substituting "paragraph (f.1) (i)".

19 Sections 6 (6) (b) and 7 (2) (c) (iii) and (3) (c) (iii) of the Tobacco Tax Act, R.S.B.C. 1996, c. 452, are amended by striking out "arms length" and substituting "arm's length".

[Provisions of the Statute Revision Act, R.S.B.C. 1996, c. 440, relevant to the enactment of this regulation: section 12]