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

Section 130r176 Disposition versions

2012-09-01

130R176. Where a taxpayer has more than one railway car included in Class 35 in Schedule B that is leased or used in Canada in a taxation year, other than a railway car owned by a corporation or by a partnership any member of which is a corporation, that at any time in the year was a common carrier that owned or operated a railway or leased railway cars, through one or more transactions between persons not dealing with each other at arm’s length, to an associated corporation that was, at that time, a common carrier that owned or operated a railway, a separate class is hereby prescribed for each of the following:

(a)  the aggregate of such property acquired by the taxpayer before 3 February 1990, other than property acquired for the purpose of being leased to another person;

(b)  the aggregate of such property acquired by the taxpayer after 2 February 1990, other than property acquired for the purpose of being leased to another person;

(c)  the aggregate of such property acquired by the taxpayer before 27 April 1989 for the purpose of being leased to another person; and

(d)  the aggregate of such property acquired by the taxpayer after 26 April 1989 for the purpose of being leased to another person.

s. 130R95; O.C. 1981-80, s. 130R95; R.R.Q., 1981, c. I-3, r. 1, s. 130R95; O.C. 366-94, s. 14; O.C. 1707-97, s. 98; O.C. 134-2009, s. 1.