Income Tax Act — I-3.3 (a)
specified percentage means (a) in respect of a qualified property (i) acquired before April, 1977, 5%, (ii) acquired after March 31, 1977 and before November 17, 1978 primarily for use in (A) the Province of Nova Scotia, New Brunswick, Prince Edward Island or Newfoundland or the Gaspé Peninsula, 10%, (B) a prescribed designated region, 7 1/2%, and (C) any other area in Canada, 5%, (iii) acquired primarily for use in the Province of Nova Scotia, New Brunswick, Prince Edward Island or Newfoundland or the Gaspé Peninsula, (A) after November 16, 1978 and before 1989, 20%, (B) after 1988 and before 1995, 15%, (C) after 1994, 15% where the property (I) is acquired by the taxpayer under a written agreement of purchase and sale entered into by the taxpayer before February 22, 1994, (II) was under construction by or on behalf of the taxpayer on February 22, 1994, or (III) is machinery or equipment that will be a fixed and integral part of property under construction by or on behalf of the taxpayer on February 22, 1994, and (D) after 1994, 10% where the property is not property to which clause (C) applies, (iv) acquired after November 16, 1978 and before February 26, 1986 primarily for use in a prescribed offshore region, 7%, (v) acquired primarily for use in a prescribed offshore region and (A) after February 25, 1986 and before 1989, 20%, (B) after 1988 and before 1995, 15%, (C) after 1994, 15% where the property (I) is acquired by the taxpayer under a written agreement of purchase and sale entered into by the taxpayer before February 22, 1994, (II) was under construction by or on behalf of the taxpayer on February 22, 1994, or (III) is machinery or equipment that will be a fixed and integral part of property under construction by or on behalf of the taxpayer on February 22, 1994, and (D) after 1994, 10% where the property is not property to which clause (C) applies, (vi) acquired primarily for use in a prescribed designated region and (A) after November 16, 1978 and before 1987, 10%, (B) in 1987, 7%, (C) in 1988, 3%, and (D) after 1988, 0%, and (vii) acquired primarily for use in Canada (other than a property described in subparagraph (iii), (iv), (v) or (vi)), and (A) after November 16, 1978 and before 1987, 7%, (B) in 1987, 5%, (C) in 1988, 3%, and (D) after 1988, 0%, (a.1) in respect of a qualified resource property acquired by a taxpayer primarily for use in Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador, the Gaspé Peninsula or the prescribed offshore region, and that is acquired (i) after March 28, 2012 and before 2014, 10%, (ii) after 2013 and before 2017, 10% if the property (A) is acquired by the taxpayer under a written agreement of purchase and sale entered into by the taxpayer before March 29, 2012, or (B) is acquired as part of a phase of a project and (I) the construction of the phase was started by, or on behalf of, the taxpayer before March 29, 2012 (and for this purpose construction does not include obtaining permits or regulatory approvals, conducting environmental assessments, community consultations or impact benefit studies, and similar activities), or (II) the engineering and design work for the construction of the phase, as evidenced in writing, was started by, or on behalf of, the taxpayer before March 29, 2012 (and for this purpose engineering and design work does not include obtaining permits or regulatory approvals, conducting environmental assessments, community consultations or impact benefit studies, and similar activities), and (iii) in any other case, (A) in 2014 and 2015, 5%, and (B) after 2015, 0%, (b) in respect of qualified transportation equipment acquired (i) before 1987, 7%, (ii) in 1987, 5%, and (iii) in 1988, 3%, (c) in respect of qualified construction equipment acquired (i) before 1987, 7%, (ii) in 1987, 5%, and (iii) in 1988, 3%, (d) in respect of certified property (i) included in subparagraph (a)(i) of the definition certified property in this subsection, 50%,