Income Tax Act — I-3.3 66.2
u Canada ) reaccelerated Canadian development expense , of a taxpayer, means any cost or expense incurred by the taxpayer during a taxation year if the cost or expense (a) qualifies as a Canadian development expense at the time it is incurred, other than (i) an expense in respect of which the taxpayer is a successor, within the meaning of subsection 66.7(4), and (ii) a cost in respect of a Canadian resource property acquired by the taxpayer, or a partnership in which the taxpayer is a member, from a person or partnership with which the taxpayer does not deal at arm’s length, (b) is incurred after 2024 and before 2034, other than expenses deemed to have been incurred on December 31, 2033 because of subsection 66(12.66), and (c) if the Canadian development expense is deemed to be a Canadian development expense incurred by the taxpayer because of paragraph 66(12.63)(a), is an amount renounced under an agreement entered into after 2024. ( frais d’aménagement au Canada réaccélérés ) Application of ss. 66(15), 66.1(6) and 66.4(5) (5.1) The definitions in subsections 66(15), 66.1(6) and 66.4(5) apply to this section. Share of partner (6) Except as provided in subsection 66.2(7), where a taxpayer is a member of a partnership, the taxpayer’s share of any amount that would be an amount referred to in the description of in the definition cumulative Canadian development expense in subsection 66.2(5), in paragraph (a) of the description of F in that definition or in the description of G or M in that definition in respect of the partnership for a taxation year of the partnership if section 96 were read without reference to paragraph 96(1)(d) shall, for the purposes of this Act, be deemed to be an amount referred to in the description of in the definition cumulative Canadian development expense in subsection (5), in paragraph (a) of the description of F in that definition or in the description of G or M in that definition, whichever is applicable, in respect of the taxpayer for the taxation year of the taxpayer in which the partnership’s taxation year ends. Exception (7) Where a non-resident person is a member of a partnership that is deemed under paragraph 115(4)(b) to have disposed of any Canadian resource property, the person’s share of any amount that would be an amount referred to in the description of in the definition cumulative Canadian development expense in subsection 66.2(5), in paragraph (a) of the description of F in that definition or in the description of G or M in that definition in respect of the partnership for a taxation year of the partnership if section 96 were read without reference to paragraph 96(1)(d) shall, for the purposes of this Act, be deemed to be an amount referred to in the description of in the definition cumulative Canadian development expense in subsection (5), in paragraph (a) of the description of F in that definition or in the description of G or M in that definition, whichever is applicable, in respect of the person for the taxation year of the person that is deemed under paragraph 115(4)(a) to have ended. Presumption (8) Where pursuant to the terms of an arrangement in writing entered into before December 12, 1979 a taxpayer acquired a property described in paragraph (a) of the definition Canadian oil and gas property expense in subsection 66.4(5), for the purposes of this Act, the cost of acquisition shall be deemed to be a Canadian development expense incurred at the time the taxpayer acquired the property. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 66.2; 1994, c. 7, Sch. II, s. 40, Sch. VIII, s. 24, c. 21, s. 29; 1995, c. 21, s. 23; 1997, c. 25, s. 15; 2001, c. 17, s. 46; 2003, c. 28, s. 6; 2011, c. 24, s. 15; 2013, c. 34, ss. 113, 201, c. 40, s. 32 2019, c. 29, s. 5 2024, c. 15, s. 13 2026, c. 3, s. 14