I-3 - Taxation Act

Section 399.7 Disposition versions

2015-12-04

399.7. In this chapter,

“Canadian renewable and conservation expense” has the meaning assigned by the regulations;

“specified purpose” means

(a)  the operation of an oil or gas well for the sole purpose of testing the well or the well head and related equipment, in accordance with generally accepted engineering practices;

(b)  the burning of natural gas and related hydrocarbons to protect the environment; and

(c)  any prescribed purpose.

For the purpose of determining whether an outlay or expense in respect of a prescribed energy conservation property meets the prescribed criteria in respect of Canadian renewable and conservation expenses, the Technical Guide to Canadian Renewable and Conservation Expenses, as amended from time to time and published by the Department of Natural Resources of Canada, applies conclusively with respect to engineering and scientific matters.

1988, c. 18, s. 31; 1995, c. 49, s. 236; 1998, c. 16, s. 150; 2015, c. 36, s. 20.

2006-03-01

399.7. In this chapter,

“Canadian renewable and conservation expense” has the meaning assigned by the regulations;

“specified purpose” means

(a)  the operation of an oil or gas well for the sole purpose of testing the well or the well head and related equipment, in accordance with generally accepted engineering practices;

(b)  the burning of natural gas and related hydrocarbons to protect the environment; and

(c)  any prescribed purpose.

For the purpose of determining whether an outlay or expense meets the prescribed criteria in respect of Canadian renewable and conservation expenses, the Technical Guide to Canadian Renewable and Conservation Expenses, as amended from time to time and published by the Department of Natural Resources of Canada, shall apply conclusively with respect to engineering and scientific matters.

1988, c. 18, s. 31; 1995, c. 49, s. 236; 1998, c. 16, s. 150.