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

Section 130r155.4 Disposition versions

2012-09-01

130R155.4. For the purposes of this Title and Schedule B, any property acquired by a taxpayer after 25 February 2008 that is, in the course of the refurbishment or reconditioning of a railway locomotive of the taxpayer, incorporated into the locomotive is, except as otherwise provided in that Title or in that schedule, deemed to be included in Class 10 in that schedule because of subparagraph t of the second paragraph of that class, if the railway locomotive

(a)  is included in a class in that schedule other than Class 10; and

(b)  would be included in Class 10 in that schedule if it had not been used or acquired for use for any purpose by any taxpayer before 26 February 2008.

O.C. 1176-2010, s. 18.