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

Section 130r154.1 Disposition versions

2014-12-23

130R154.1. A taxpayer that acquires a property after 18 March 2007 and before 1 January 2016 that is manufacturing or processing machinery or equipment may, by letter attached to the taxpayer’s fiscal return filed pursuant to sections 1000 to 1003 of the Act for the taxation year in which the property was acquired, elect to include the property in Class 29 in Schedule B if

(a)  Class 43.1 or 43.2 in that schedule would otherwise apply to the property; and

(b)  Class 29 in that schedule would apply to the property if that schedule were read without reference to Classes 43.1 and 43.2.

O.C. 1176-2010, s. 17; O.C. 1105-2014, s. 5.

2012-09-01

130R154.1. A taxpayer that acquires a property after 18 March 2007 and before 1 January 2012 that is manufacturing or processing machinery or equipment may, by letter attached to the taxpayer’s fiscal return filed pursuant to sections 1000 to 1003 of the Act for the taxation year in which the property was acquired, elect to include the property in Class 29 in Schedule B if

(a)  Class 43.1 or 43.2 in that schedule would otherwise apply to the property; and

(b)  Class 29 in that schedule would apply to the property if that schedule were read without reference to Classes 43.1 and 43.2.

O.C. 1176-2010, s. 17.