I-3, r. 1 - Regulation respecting the Taxation Act

Section 130r61 Disposition versions

2012-09-01

130R61. The additional allowance provided by section 130R59 may not exceed the lesser of

(a)  where the property is included in Class 3 in Schedule B, 22% of the capital cost thereof; where the property is included in Class 6 in that schedule, 20% of the capital cost thereof; or where the property is included in Class 8 in that schedule,

i.  14% of the capital cost thereof in the case of property referred to in any of paragraphs c, d and f of section 130R59, or

ii.  14% of the lesser of $15,000 and the capital cost thereof in the case of property described in paragraph e of section 130R59; and

(b)  the undepreciated capital cost to the taxpayer as of the end of the taxation year of property of the class, before making any deduction under this section for the year.

s. 130R33; O.C. 1981-80, s. 130R33; R.R.Q., 1981, c. I-3, r. 1, s. 130R33; O.C. 134-2009, s. 1.