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

Section 130.1r1
Disposition versions

Full text
130.1R1. For the purposes of the third paragraph of section 130.1 of the Act, the prescribed amount is $16,000.
Despite the first paragraph, the prescribed amount is the capital cost, otherwise determined, of the automobile to the taxpayer where it is an automobile
(a)  acquired by the taxpayer before 19 April 1978;
(b)  used under a permit to transport passengers for remuneration; or
(c)  intended to be leased to a person by the taxpayer, if the principal business of the taxpayer is the leasing of automobiles to persons dealing at arm’s length with the taxpayer.
s. 130.1R1; O.C. 1981-80, s. 130.1R1; O.C. 1983-80, s. 11; R.R.Q., 1981, c. I-3, r. 1, s. 130.1R1; O.C. 2847-84, s. 11; O.C. 1697-92, s. 48; O.C. 134-2009, s. 1.
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