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

Section 130r223 Disposition versions

2012-09-01

130R223. A taxpayer who, in computing the taxpayer’s income for a taxation year from farming or fishing, has elected to have the provisions of the Corporation Tax Act (R.S.Q. 1964, c. 67) or of the Provincial Income Tax Act (R.S.Q. 1964, c. 69) apply and has deducted a part of the capital cost of property used for the purpose of gaining or producing income for farming or fishing in accordance with the method allowed under Part XVII of the Income Tax Regulations made under the Income Tax Act (R.S.C. 1952, c. 148) as it read on 31 December 1971, may still use such method in respect of any such property acquired before 1972 and, for such purpose, that Part XVII of this Regulation applies to determine the amount that may be deducted under paragraph a of section 130 of the Act.

s. 130R200; O.C. 1981-80, s. 130R200; R.R.Q., 1981, c. I-3, r. 1, s. 130R200; O.C. 35-96, s. 86; O.C. 134-2009, s. 1.