Income Tax Act — I-3.3 127.45
ly (a) extend its useful life; (b) increase its capacity; or (c) improve its efficiency. ( remise en état ) small modular nuclear reactor [Repealed, 2026, c. 3, s. 52] small nuclear energy property means property that (a) is part of a fixed location system that is used all or substantially all to generate electrical energy or heat energy, or a combination of electrical energy and heat energy, from nuclear fission as determined on an annual basis; (b) is located at a nuclear facility where, at the time the property becomes available for use, the total combined gross-rated thermal generating capacity of all planned and existing nuclear fission reactors at the facility is reasonably expected not to exceed 1,400 megawatts thermal; (c) is (i) a reactor, (ii) a reactor vessel, (iii) a reactor control rod, (iv) a moderator, (v) cooling equipment, (vi) heat generating equipment, (vii) nuclear fission fuel handling equipment, (viii) a containment structure, (ix) electrical generating equipment, (x) equipment for the distribution of heat energy within the system, or (xi) equipment that is physically and functionally integrated with property described in any of subparagraphs (i) to (x) and that is ancillary equipment (such as control equipment) used solely to support the functioning of property described in any of subparagraphs (i) to (x); and (d) is not (i) nuclear fission fuel, (ii) property used in nuclear waste disposal or storage, (iii) transmission equipment, (iv) distribution equipment, (v) a vehicle, (vi) property that would be included in Class 17 in Schedule II to the Income Tax Regulations if that Class were read without reference to its paragraph (a.1), (vii) equipment used to export heat energy from the system, or (viii) a building or other structure. ( bien pour l’énergie nucléaire de petite taille ) solid biofuel has the same meaning as in subsection 1104(13) of the Income Tax Regulations . ( biocarburants solides ) specified percentage means, in respect of a clean technology property of the taxpayer that is acquired (a) before March 28, 2023, determined without reference to subsection (4), nil; (b) subject to paragraph (a), (i) on or after March 28, 2023 and before January 1, 2034, 30%, and (ii) after December 31, 2033 and before January 1, 2035, 15%; and (c) after December 31, 2034, nil. ( pourcentage déterminé ) (d) [Repealed, 2026, c. 3, s. 52] specified waste material has the same meaning as in subsection 1104(13) of the Income Tax Regulations . ( déchets déterminés ) spent pulping liquor has the same meaning as in subsection 1104(13) of the Income Tax Regulations . ( liqueur résiduaire ) waste biomass electricity generation equipment means property that (a) is part of a system that meets the following conditions (i) the system is used solely for the purpose of generating electrical energy, or a combination of electrical energy and heat energy, determined without reference to the recovery of chemicals from spent pulping liquor, (ii) the system consumes material all or substantially all of the energy content (expressed as the higher heating value of the material) of which is specified waste material, as determined on an annual basis, (iii) the system is on a single site, or on contiguous sites or adjacent sites that function as a single integrated site, at which the activities described in subparagraphs (i) and (ii) are carried out, and (iv) the system meets the following heat rate on an annual basis A ≥ (2 × B + C) ÷ (D + E ÷ F) where A is 13,000 BTU per kilowatt-hour, B is the energy content of fossil fuel (expressed as the higher heating value of the fuel) consumed by the system in BTU, C is the energy content of eligible bioenergy fuel or any other fuel other than fossil fuel (expressed as the higher heating value of the fuel) consumed by the system in BTU, D is the gross electrical energy produced by the system in kilowatt-hours, E is the net useful energy in the form of heat exported from the system to a thermal