Income Tax Act — I-3.3 211.92
 Minister is satisfied that the taxpayer has taken all reasonable steps to attempt to rectify the extraordinary circumstances, and that it is appropriate, having regard to all the circumstances, to apply this subsection and subsection (7). Effect of extraordinary circumstances (7) If the conditions set out in subsection (6) are met for a taxation year, (a) if the qualified CCUS project’s operations are affected by extraordinary circumstances for all or substantially all of the project period, then no amount is payable by the taxpayer for the year under subsections (3) to (5) in respect of the project; and (b) in any other case, the portion of the project period during which the project’s operations are affected by the extraordinary circumstances shall be disregarded for the purpose of calculating the actual eligible use percentage for the project period. Shutdown (8) For the purposes of determining a taxpayer’s liability for tax under this Part for a recovery taxation year, if a qualified CCUS project is inoperative for all or a portion of a relevant project period, (a) if the project is inoperative for all or substantially all of the period, then no amount is payable by the taxpayer for the year under subsections (3) to (5) in respect of the project; and (b) in any other case, the portion of the project period during which the project is inoperative shall be disregarded for the purpose of calculating the actual eligible use percentage for the project period. Development property disposition (9) Except where subsection (11) applies, if at any time in a particular taxation year a taxpayer disposes of or exports from Canada a property for which the taxpayer’s qualified CCUS expenditure resulted in the determination of a cumulative CCUS development tax credit for a previous taxation year, or would so result for the particular year but for this subsection, the following rules apply: (a) if the time is before the total CCUS project review period of the CCUS project to which the expenditure relates, the expenditure is deemed not to be a qualified CCUS expenditure in respect of the CCUS project for the purpose of determining the taxpayer’s cumulative CCUS development tax credit for the particular year and any subsequent taxation years; and (b) if the time is during the total CCUS project review period of the CCUS project to which the expenditure relates, there shall be added to the tax otherwise payable by the taxpayer under this Part for the year the amount determined by the formula A × B × C ÷ D − E where A is the qualified CCUS expenditure in respect of the property as determined for the taxation year that includes the first day of commercial operations, B is the appropriate specified percentage, C is the amount, not exceeding the amount determined for D, equal to (i) if the property is disposed of to a person who deals at arm’s length with the taxpayer, the proceeds of disposition of the property, or (ii) if the property is disposed of to a person who does not deal at arm’s length with the taxpayer, or is exported from Canada but not disposed of, the fair market value of the property at that time, D is the taxpayer’s capital cost of the property, and E is the total of all amounts, each of which can reasonably be considered to be the portion of any amount previously paid by the taxpayer because of subsection (4) in respect of the property, to the extent that the amount did not reduce the tax payable by the taxpayer under this subsection in a preceding taxation year. Refurbishment property disposition (10) Except where subsection (11) applies, if at any time in a particular taxation year during the total CCUS project review period of a CCUS project a taxpayer disposes of or removes from Canada a property for which the taxpayer’s qualified CCUS expenditure resulted in the determination of a CCUS refurbishment tax credit for the year or a previous taxation year, then there shall be added to the tax otherwise payable by the taxpayer u