Income Tax Regulations — 1100
Acquired in the Year (2) The amount that a taxpayer may deduct for a taxation year under subsection (1) in respect of property of a class in Schedule II is to be determined as if the undepreciated capital cost to the taxpayer at the end of the taxation year (before making any deduction under subsection (1) for the taxation year) of property of the class were adjusted by adding the positive or negative amount determined by the formula A(B) + A.1(B.1) − 0.5(C) where A is, in respect of property of the class that became available for use by the taxpayer in the taxation year and that is accelerated investment incentive property or property acquired before 2025 that is included in any of Classes 54 to 56, (a) if the property is not included in paragraph (1)(v) or in any of Classes 12, 13, 14, 15, 43.1, 43.2, 53, 54, 55, 56 and 59 or in Class 43 in the circumstances described in paragraph (d), (i) 1/2, for property that became available for use by the taxpayer before 2024, and (ii) nil, for property that became available for use by the taxpayer after 2023 (other than property referred to in any of paragraphs (c.1) to (c.3)), (b) if the class is Class 43.1, (i) 2 1/3, for property that became available for use by the taxpayer before 2024, (ii) 1 1/2, for property that became available for use by the taxpayer in 2024 or 2025, and (iii) 5/6, for property that became available for use by the taxpayer after 2025, (c) if the class is Class 43.2, (i) 1, for property that became available for use by the taxpayer before 2024, (ii) 1/2, for property that became available for use by the taxpayer in 2024 or 2025, and (iii) 1/10, for property that became available for use by the taxpayer after 2025, (c.1) if the class is Class 44, (i) 3, for property that was acquired and became available for use by the taxpayer after April 15, 2024 and before 2027, and (ii) nil, for property that became available for use by the taxpayer after 2026, (c.2) if the class is Class 46, (i) 2 1/3, for property that was acquired and became available for use by the taxpayer after April 15, 2024 and before 2027, and (ii) nil, for property that became available for use by the taxpayer after 2026, (c.3) if the class is Class 50, (i) 9/11, for property that was acquired and became available for use by the taxpayer after April 15, 2024 and before 2027, and (ii) nil, for property that became available for use by the taxpayer after 2026, (d) if the property is included in Class 53 or — for property acquired after 2025 — is included in Class 43 and would have been included in Class 53 if it had been acquired in 2025, (i) 1, for property that became available for use by the taxpayer before 2024, (ii) 1/2, for property that became available for use by the taxpayer in 2024 or 2025, and (iii) 5/6, for property included in Class 43 that became available for use by the taxpayer after 2025, and (iv) 1/10, for property included in Class 53 that became available for use by the taxpayer after 2025, (e) if the class is Class 54 or Class 56, (i) 2 1/3, for property that became available for use by the taxpayer before 2024, (ii) 1 1/2, for property that became available for use by the taxpayer in 2024 or 2025, and (iii) 5/6, for property that became available for use by the taxpayer after 2025, (f) if the class is Class 55, (i) 1 1/2, for property that became available for use by the taxpayer before 2024, (ii) 7/8, for property that became available for use by the taxpayer in 2024 or 2025, and (iii) 3/8, for property that became available for use by the taxpayer after 2025, and (g) in any other case, nil; A.1 is, in respect of property of the class that became available for use by the taxpayer in the taxation year and that is reaccelerated investment incentive property or property acquired after 2024 that is included in any of Classes 54 to 56, (a) if the property is not included in paragraph (1)(v) or in any of Classes 12, 13, 14, 15, 43.1, 44, 46, 50, 53, 54, 55, 56 and 59 or in Class 43