I-3 - Taxation Act

Section 1029.8.36.0.106.19 Disposition versions

2023-04-01

1029.8.36.0.106.19. The amount to which subparagraph b of the second paragraph of section 1029.8.36.0.106.17 refers in respect of a litre of eligible biofuel is the amount determined by the formula

A × B × C/1,000,000.

In the formula in the first paragraph,

(a)  A is the result obtained by applying the formula

D – E;

(b)  B is

i.  where the percentage represented by F, in respect of the eligible biofuel, is less than or equal to 45%, the amount determined by the formula

$30/0.45 × F,

ii.  where the percentage represented by F, in respect of the eligible biofuel, is greater than 45% but less than or equal to 70%, the amount determined by the formula

$30 + [$30/0.25 × (F – 0.45)], or

iii.  where the percentage represented by F, in respect of the eligible biofuel, is greater than 70%, the amount determined by the formula

$60 + [$65/0.30 × (F – 0.70)]; and

(c)  C is the higher heating value of the eligible biofuel that is specified in the certificate issued in respect of that biofuel for the purposes of this division.

For the purposes of subparagraphs a and b of the second paragraph,

(a)  D is

i.  83.1, where the certificate issued in respect of the eligible biofuel for the purposes of this division specifies that the biofuel replaces gasoline, or

ii.  92.9, where the certificate issued in respect of the eligible biofuel for the purposes of this division specifies that the biofuel replaces diesel fuel;

(b)  E is the carbon intensity of the eligible biofuel that is specified in the certificate issued in respect of that biofuel for the purposes of this division; and

(c)  F is the lesser of 100% and the result, expressed as a percentage, obtained by applying the formula

1 – (E/D).

If the result obtained by applying any of the formulas in this section has more than two decimal places, only the first two decimal digits are retained and the second is increased by one unit if the third is greater than 4.

2023, c. 2, s. 44.