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

Section 130r63 Disposition versions

2021-03-10

130R63. The deduction under section 130R62 may not exceed the lesser of the following amounts:

(a)  the capital cost of the property to the taxpayer multiplied by

i.  50%, in the case of an accelerated investment incentive property acquired in the taxation year and before 1 January 2024;

ii.  16 2/3%, in the case of property acquired in the taxation year, other than accelerated investment incentive property and property described in any of subparagraphs 4 to 6 of subparagraph ii of subparagraph a of the fourth paragraph of section 130R120; and

iii.  33 1/3%, in any other case; and

(b)  the undepreciated capital cost of the property of the class at the end of the taxation year, before any deduction under this division for the year.

For the purposes of subparagraph a of the first paragraph, a property is deemed to have been acquired by a taxpayer at the time when the property became available for use by the taxpayer according to the Act.

s. 130R35; O.C. 1981-80, s. 130R35; R.R.Q., 1981, c. I-3, r. 1, s. 130R35; O.C. 2847-84, s. 6; O.C. 366-94, s. 6; O.C. 1631-96, s. 11; O.C. 134-2009, s. 1; O.C. 164-2021, s. 10.

2012-09-01

130R63. The deduction under section 130R62 may not exceed the lesser of the following amounts:

(a)  in the case of a property, other than a property described in any of subparagraphs b to d of the second paragraph of section 130R119, acquired during the taxation year and after 12 November 1981, 16 2/3% of the capital cost of the property to the taxpayer and, in all other cases, 33 1/3% of that capital cost; and

(b)  the undepreciated capital cost of the property of the class at the end of the taxation year, before any deduction under this division for the year.

For the purposes of subparagraph a of the first paragraph, a property is deemed to have been acquired by a taxpayer at the time when the property became available for use by the taxpayer according to the Act.

s. 130R35; O.C. 1981-80, s. 130R35; R.R.Q., 1981, c. I-3, r. 1, s. 130R35; O.C. 2847-84, s. 6; O.C. 366-94, s. 6; O.C. 1631-96, s. 11; O.C. 134-2009, s. 1.