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

Section 130r59 Disposition versions

2012-09-01

130R59. A taxpayer may deduct as additional allowance the amount provided by section 130R61 in respect of property that is

(a)  a grain elevator, situated in that part of Canada that is defined in section 2 of the Canada Grain Act (R.S.C. 1985, c. G-10) as the “Eastern Division”, the principal use of which

i.  is the receiving of grain directly from producers for storage or forwarding or both,

ii.  is the receiving and storing of grain for direct processing into other products, or

iii.  has been certified or authorized by the Minister to be the receiving of grain that has not been officially inspected or weighed;

(b)  an addition to a grain elevator described in paragraph a;

(c)  fixed machinery installed in a grain elevator in respect of which, or in respect of an addition to which, an additional amount has been or may be claimed under this section;

(d)  fixed machinery, designed for the purpose of drying grain, installed in a grain elevator described in paragraph a;

(e)  machinery designed for the purpose of drying grain on a farm; or

(f)  a building or other structure designed for the purpose of storing grain on a farm.

s. 130R31; O.C. 1981-80, s. 130R31; R.R.Q., 1981, c. I-3, r. 1, s. 130R31; O.C. 35-96, s. 86; O.C. 134-2009, s. 1.