Income Tax Act — I-3.3 127.491
ices, or any combination thereof; and (e) that is (i) property that would be described in subparagraph (d)(ii) of Class 43.1 in Schedule II to the Income Tax Regulations , if that subparagraph were read without reference to its clause (A), (ii) described in subparagraph (d)(v), (vi) or (xiv) of Class 43.1 in Schedule II to the Income Tax Regulations , but excluding a test wind turbine (within the meaning assigned by subsection 1219(3) of the Income Tax Regulations ), (iii) concentrated solar energy equipment , as defined in subsection 127.45(1), that is part of a system used solely for the purpose of generating electrical energy, exclusively from concentrated sunlight, (iv) nuclear energy property, (v) equipment that (A) is part of a system that (I) exports more electrical energy than heat energy on a net basis, as determined on an annual basis, and (II) does not extract fossil fuels for sale, (B) is used exclusively for the purpose of generating electrical energy, or a combination of electrical energy and heat energy, solely from geothermal energy, and (C) is described in subparagraph (d)(vii) of Class 43.1 in Schedule II to the Income Tax Regulations , (vi) waste biomass electricity generation equipment , as defined in subsection 127.45(1), that is part of a system that exports more electrical energy than heat energy on a net basis, as determined on an annual basis, (vii) described in subparagraph (d)(xviii) or (xix) of Class 43.1 in Schedule II to the Income Tax Regulations , but excluding equipment that uses any fossil fuel in operation, (viii) qualified natural gas energy equipment, (ix) qualified interprovincial transmission equipment, or (x) incorporated into another property described in any of subparagraphs (i) to (ix), 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 (ix). ( bien pour l’électricité propre ) compliance period in respect of a specified natural gas energy system of a taxpayer, means the period beginning on the start-up date of the system and ending on the last day of the fifth operating year of the system. ( période de conformité ) dedicated geological storage has the same meaning as in subsection 127.44(1). ( stockage géologique dédié ) designated provincial Crown corporation means a corporation (a) not less than 90% of the shares (except directors’ qualifying shares) or of the capital of which is owned by one or more persons each of which is His Majesty in right of a province; (b) that is Northwest Territories Power Corporation, Qulliq Energy Corporation or Yukon Energy Corporation; or (c) all of the shares (except directors’ qualifying shares) or of the capital of which is owned by one or more persons each of which is a corporation described in paragraph (a) or (b). ( société d’État provinciale désignée ) emission intensity in respect of a qualified natural gas energy system, means the tonnes of carbon dioxide emissions released into the atmosphere for each gigawatt hour of electrical energy produced as determined by the formula A ÷ B where A is the number determined by the formula C − D − E where C is the quantity of carbon dioxide emissions, expressed in tonnes, during an operating year, from the combustion of fuel in the system, as determined in a manner that is acceptable to the Minister of Natural Resources, D is the quantity of carbon dioxide emissions, expressed in tonnes, attributable to the production of useful thermal energy exported by the system, during the operating year, as determined in a manner that is acceptable to the Minister of Natural Resources, and E is the quantity of carbon dioxide captured from the system and stored in dedicated geological storage, expressed in tonnes, during the operating year, as determined in a manner that is acceptable to the Minister of Natural Resources; and B is the quantity of electrical energy produced by the system during the operati