412.2. In this chapter, an accelerated Canadian development expense of a taxpayer means any cost or expense incurred by the taxpayer in a taxation year, if(a) the cost or expense qualifies as a Canadian development expense at the time it is incurred, other thani. an expense in respect of which the taxpayer is a corporation referred to in section 418.19, and
ii. a cost in respect of a Canadian resource property acquired by the taxpayer, or a partnership of which the taxpayer is a member, from a person or partnership with whom or which the taxpayer does not deal at arm’s length;
(b) the cost or expense is incurred after 20 November 2018 and before 1 January 2028, other than expenses deemed to have been incurred on 31 December 2027 because of the application of section 359.8; and
(c) where the Canadian development expense is deemed to be a Canadian development expense incurred by the taxpayer because of the application of paragraph a of section 359.5, the cost or expense is an amount renounced under an agreement entered into after 20 November 2018.