Income Tax Act — I-3.3 127.49
Definitions 127.49 (1) The following definitions apply in this section. CTM investment tax credit of a qualifying taxpayer for a taxation year means (a) the total of all amounts each of which is the specified percentage of the capital cost to the taxpayer of CTM property acquired by the taxpayer in the year for a CTM use; and (b) the total of all amounts required by subsection (8) to be added in computing the taxpayer’s CTM investment tax credit at the end of the year. ( crédit d’impôt à l’investissement pour la FTP ) CTM property means property of a taxpayer, other than excluded property, (a) situated in Canada and intended for use exclusively in Canada; (b) that has not been used, or acquired for use or lease, for any purpose whatever before it was acquired by the taxpayer; (c) that, if it is to be leased by the taxpayer to another person or a partnership, is (i) leased to a qualifying taxpayer or a partnership all the members of which are qualifying taxpayers, and (ii) leased in the ordinary course of carrying on a business in Canada by the taxpayer whose principal business is selling or servicing property of that type, or whose principal business is leasing property, lending money, purchasing conditional sales contracts, accounts receivable, bills of sale, chattel mortgages or hypothecary claims on movables, bills of exchange or other obligations representing all or part of the sale price of merchandise or services, or any combination thereof; and (d) described in Schedule II to the Income Tax Regulations that (i) is included in (A) paragraph (a) or (c) of Class 8, (B) paragraph (a) of Class 43, (C) Class 43.1 that would otherwise be included in any of clauses (A), (B) and (E), (D) Class 43.2 that would otherwise be included in clause (C), or (E) Class 53, (ii) is included in (A) paragraph (b) of Class 8, or would be included in paragraph (b) of Class 8 if that paragraph were read without reference to the word “solely” and if the word “building” were read as “structure”, (B) Class 43.1 that would otherwise be included in clause (A), or (C) Class 43.2 that would otherwise be included in clause (B), (iii) is included in (A) subparagraph (k)(i) of Class 10, provided that the property would otherwise be in paragraph (a) or (c) of Class 8, (B) subparagraph (k)(ii) of Class 10, (C) paragraph (b) of Class 41, or in paragraph (b) of Class 41.2, that would otherwise be included in clauses (A) or (B), (D) paragraph (b) of Class 43, (E) Class 43.1 that would otherwise be included in any of clauses (A) to (D), or (F) Class 43.2 that would otherwise be included in clause (E), (iv) is included in paragraph (d) or (j) of Class 12, (v) is included in (A) paragraph (a) or (e) of Class 10 or Class 38, but excluding any property that is designed or adapted for use on streets and highways, or (B) Class 56, (vi) would be described in any of subparagraphs (i) to (v) if the word “mine” in Schedule II of the Income Tax Regulations were read as “mine, well or tailing pond”; or (vii) is incorporated into another property described in any of subparagraphs (i) to (vi), as part of a refurbishment of the other property provided that on completion of the refurbishment the other property is still described in any of subparagraphs (i) to (vi). ( bien de FTP ) CTM use means the use of a property all or substantially all in (a) activities described in paragraph (a) or (c) of the definition qualified zero emission technology manufacturing activities in section 5202 of the Income Tax Regulations ; (b) activities described in paragraph (a) or (b) of the definition qualifying mineral activity if the property is used to produce primarily qualifying materials, determined based on the value of all commercial outputs in accordance with subsection (2.2); or (c) activities described in any of paragraphs (c) to (f) of the definition qualifying mineral activity if the property is used to produce all or substantially all qualifying materials, determined based on the val