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Income Tax Regulations (C.R.C., c. 945)

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Regulations are current to 2022-09-22 and last amended on 2022-06-23. Previous Versions

AMENDMENTS NOT IN FORCE

  • — SOR/2022-42, s. 1

      • 1 (1) The portion of subsection 100(3) of the Income Tax RegulationsFootnote 1 before paragraph (a) is replaced by the following:

        • (3) For the purposes of this Part, where an employer deducts or withholds from a payment of remuneration to an employee one or more of the following amounts, the balance remaining after the deducting or withholding of the amount or amounts shall be deemed to be the amount of that payment of remuneration:

      • (2) Subsection 100(3) of the Regulations is amended by striking out “or” at the end of paragraph (c), by adding “or” at the end of paragraph (d) and by replacing the portion after paragraph (d) with the following:

        • (e) an amount that is deductible under paragraph 60(e.1) of the Act.

  • — 2022, c. 10, ss. 44(1), (5), (9), (11)

      • 44 (1) Subparagraphs (c)(i) and (ii) of Class 43.1 in Schedule II to the Regulations are replaced by the following:

        • (i) part of a system that

          • (A) is used by the taxpayer, or by a lessee of the taxpayer, to generate electrical energy, or both electrical and heat energy, using only fuel that is eligible waste fuel, fossil fuel, producer gas, spent pulping liquor or any combination of those fuels,

          • (B) if the system is rated to generate more than three megawatts of electrical energy, meets the following condition on an annual basis:

            A ≥ (2 × B + C)/(D + E/3412)

            where

            A
            is 11,000 BTU per kilowatt-hour,
            B
            is the energy content of fossil fuel other than solution gas (expressed as the higher heating value of the fuel) consumed by the system in BTU,
            C
            is the energy content of the eligible waste fuel, producer gas and spent pulping liquor (expressed as the higher heating value of the fuel) consumed by the system in BTU,
            D
            is the gross electrical energy produced by the system in kilowatt-hours, and
            E
            is the net useful energy in the form of heat exported from the system to a thermal host in BTU, and
          • (C) uses fuel of which no more than 25% of the energy content (expressed as the higher heating value of the fuel) is from fossil fuel, as determined on an annual basis, or

      • (5) Subparagraph (d)(ix) of Class 43.1 in Schedule II to the Regulations is replaced by the following:

        • (ix) equipment that

          • (A) is used by the taxpayer, or by a lessee of the taxpayer, for the sole purpose of generating heat energy, not using any fuel other than eligible waste fuel, fossil fuel, producer gas or a combination of those fuels,

          • (B) uses fuel of which no more than 25% of the energy content (expressed as the higher heating value of the fuel) is from fossil fuel, as determined on an annual basis,

          • (C) may include

            • (I) fuel handling equipment used to upgrade the combustible portion of the fuel,

            • (II) control, feedwater and condensate systems, and

            • (III) other ancillary equipment, and

          • (D) does not include

            • (I) equipment used for the purpose of producing heat energy to operate electrical generating equipment,

            • (II) buildings or other structures,

            • (III) heat rejection equipment (such as condensers and cooling water systems),

            • (IV) fuel storage facilities,

            • (V) other fuel handling equipment, and

            • (VI) property otherwise included in Class 10 or 17,

      • (9) Subparagraph (d)(xvi) of Class 43.1 in Schedule II to the Regulations is replaced by the following:

        • (xvi) equipment that

          • (A) is used by the taxpayer, or by a lessee of the taxpayer, primarily for the purpose of generating producer gas (other than producer gas that is to be converted into liquid fuels or chemicals),

          • (B) uses feedstock of which no more than 25% of the energy content (expressed as the higher heating value of the feedstock) is from fossil fuel, as determined on an annual basis,

          • (C) may include

            • (I) related piping (including fans and compressors),

            • (II) air separation equipment,

            • (III) storage equipment,

            • (IV) equipment used for drying or shredding feedstock,

            • (V) ash-handling equipment,

            • (VI) equipment used to upgrade the producer gas into biomethane, and

            • (VII) equipment used to remove non-combustibles and contaminants from the producer gas, and

          • (D) does not include

            • (I) buildings or other structures,

            • (II) heat rejection equipment (such as condensers and cooling water systems),

            • (III) equipment used to convert producer gas into liquid fuels or chemicals, and

            • (IV) property otherwise included in Class 10 or 17,

      • (11) Subsections (1), (5) and (9) apply in respect of property of a taxpayer that becomes available for use by the taxpayer after 2024.

  • — 2022, c. 10, s. 45

      • 45 (1) Paragraph (a) of Class 43.2 in Schedule II to the Regulations is replaced by the following:

        • (a) otherwise than because of paragraph (d) of that Class; or

      • (2) Subparagraph (b)(i) of Class 43.2 in Schedule II to the Regulations is repealed.

      • (3) Subsections (1) and (2) apply in respect of property of a taxpayer that becomes available for use by the taxpayer after 2024.

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