Passenger Automobile and Light Truck Greenhouse Gas Emission Regulations

Marginal note:Application of section 20

• 25 (1) A company that creates a temporary optional fleet of passenger automobiles or light trucks obtains credits or incurs deficits in respect of its temporary optional fleet in accordance with subsection 20(1) or (2), as the case may be.

• Marginal note:Calculation

  (2) The company must calculate the credits or deficits for each of its temporary optional fleets using the formula set out in subsection 20(3).

• Marginal note:Application of subsection 20(4)

  (3) Subsection 20(4) applies to credits obtained or deficits incurred in accordance with this section.

• Marginal note:Validity — time limit

  (4) Credits obtained for a temporary optional fleet of passenger automobiles or light trucks of a given model year can only be used to offset a deficit incurred in respect of temporary optional fleets of passenger automobiles or light trucks of the following model years, after which the credits are no longer valid:

  • (a) 2012 to 2016, for a company set out in paragraph 24(1)(a); or

  • (b) 2012 to 2015, for a company set out in paragraph 24(1)(b).