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

Section 130r37
Disposition versions

Full text
130R37. In respect of property of Class 14 in Schedule B, the taxpayer may deduct an amount not exceeding the lesser of
(a)  the total of the following amounts:
i.  the aggregate of the amounts obtained by apportioning the capital cost to the taxpayer of each property over the life of the property remaining at the time the cost is incurred,
ii.  if the property is accelerated investment incentive property, other than property described in subparagraph iii, the portion of the amount determined under subparagraph i that is in respect of the property multiplied by one of the following factors:
(1)  0.5, if the property is considered to be available for use in the year and before 1 January 2024, and
(2)  0.25, if the property is considered to be available for use in the year and after 31 December 2023; and
iii.  if the property is both accelerated investment incentive property and qualified intellectual property and is considered to be available for use in the year and before 1 January 2024, the amount by which the capital cost of the property exceeds the portion of the amount determined under subparagraph i that is in respect of the property; and
(b)  the undepreciated capital cost to the taxpayer of property of the class at the end of the taxation year, before any deduction under this section.
s. 130R23; O.C. 1981-80, s. 130R23; R.R.Q., 1981, c. I-3, r. 1, s. 130R23; O.C. 134-2009, s. 1; O.C. 164-2021, s. 7.
130R37. In respect of property of Class 14 in Schedule B, the taxpayer may deduct an amount not exceeding the lesser of
(a)  the aggregate of the amounts obtained by apportioning the capital cost to the taxpayer of each property over the life of the property remaining at the time the cost was incurred; and
(b)  the undepreciated capital cost to the taxpayer of property of the class at the end of the taxation year, before any deduction under this section.
s. 130R23; O.C. 1981-80, s. 130R23; R.R.Q., 1981, c. I-3, r. 1, s. 130R23; O.C. 134-2009, s. 1.
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