Income Tax Regulations — 1100
chedule II, not exceeding (i) if the capital cost of the property was incurred in the taxation year and after November 12, 1981, (A) if the property is either an accelerated investment incentive property and the capital cost of the property was incurred before 2024, or a reaccelerated investment incentive property and the capital cost of the property was incurred before 2030, the lesser of (I) 150 per cent of the amount for the year calculated in accordance with Schedule III, and (II) the amount determined for paragraph 1(b) of Schedule III, and (B) if the property is neither an accelerated investment incentive property nor a reaccelerated investment incentive property and is not described in any of subparagraphs (b)(iii) to (v) of the description of F in subsection (2), 50 per cent of the amount for the year calculated in accordance with Schedule III, and (ii) in any other case, the amount for the year calculated in accordance with Schedule III, and, for the purposes of this paragraph and Schedule III, the capital cost to a taxpayer of a property shall be deemed to have been incurred at the time at which the property became available for use by the taxpayer; Class 14 (c) such amount as he may claim in respect of property of Class 14 in Schedule II not exceeding the lesser of (i) the total of (A) the aggregate of the amounts for the year obtained by apportioning the capital cost to the taxpayer of each property over the life of the property remaining at the time the cost was incurred, (B) if the property is accelerated investment incentive property, the portion of the amount determined under clause (A) that is in respect of the property multiplied by (I) 0.5, if the property becomes available for use in the year and before 2024, and (II) 0.25, if the property becomes available for use in the year and after 2023, and (C) if the property is reaccelerated investment incentive property, the portion of the amount determined under clause (A) that is in respect of the property multiplied by (I) 0.5, if the property becomes available for use in the year and before 2030, and (II) 0.25, if the property becomes available for use in the year and after 2029, and (ii) the undepreciated capital cost to him as of the end of the taxation year (before making any deduction under this subsection for the taxation year) of property of the class; Additional Allowances — Class 14.1 (c.1) for a taxation year that ends before 2027, such additional amount as the taxpayer may claim in respect of property of Class 14.1 of Schedule II not exceeding (i) 2% of the particular amount by which the undepreciated capital cost of the class at the beginning of 2017 exceeds the total of all amounts each of which is (A) the amount of a deduction taken under paragraph 20(1)(a) of the Act in respect of the class for a preceding taxation year, and (B) equal to three times the amount of the capital cost of a property deemed by subsection 13(39) of the Act to be acquired by the taxpayer in the year or a preceding year, and (ii) the amount determined by the formula A − B where A is the lesser of (A) $ 500, and (B) the undepreciated capital cost of the class to the taxpayer as of the end of the year (before making any deduction under paragraph 20(1)(a) of the Act in respect of the class for the year), and B is the total of all amounts deductible for the year under paragraph 20(1)(a) of the Act in respect of the class because of subparagraph (i) or (a)(xii.1); In Lieu of Double Depreciation (d) such additional amount as he may claim not exceeding in the case of property described in each of the classes in Schedule II, the lesser of (i) one-half the amount that would have been allowed to him in respect of property of that class under subparagraph 6(n)(ii) of the Income War Tax Act if that act were applicable to the taxation year, and (ii) the undepreciated capital cost to him as of the end of the taxation year (before making any deduction under this paragraph for the taxation