I-3 - Taxation Act

Section 1029.8.36.0.106.10.1 Disposition versions

2023-04-01

1029.8.36.0.106.10.1. The amount to which subparagraph ii of subparagraph b of the second paragraph of section 1029.8.36.0.106.9 refers in respect of a litre of eligible pyrolysis oil 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

86.5 – D;

(b)  B is

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

$30/0.45 × E,

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

$30 + [$30/0.25 × (E - 0.45)], or

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

$60 + [$65/0.30 × (E - 0.70)]; and

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

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

(a)  D is the carbon intensity of the eligible pyrolysis oil that is specified in the certificate issued in respect of the pyrolysis oil for the purposes of this division; and

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

1 - (D/86.5).

2023, c. 2, s. 43.