GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Act — I-3.3 127.421
xation year. Deemed rebate in respect of fuel charges (7) An amount for a designated province included in the total of all amounts deemed by this section to have been paid on account of tax payable for a taxation year is deemed to have been paid during the taxation year as a rebate in respect of charges levied under Part 1 of the Greenhouse Gas Pollution Pricing Act in respect of the designated province. Predecessor corporation — before 2023 (8) For the purpose of subsection (2), where there has been an amalgamation of two or more corporations before 2023, the corporation filing a return of income in 2023 is deemed to be the same corporation as and a continuation of each predecessor corporation that was registered with the Minister to make remittances required under section 153 under the corporation’s 2023 business number. Predecessor corporation — 2023 and subsequent years (9) For the purposes of subsections (2) and (3), the number of persons employed by a corporation in a calendar year after 2022 is deemed to be nil in that year if the corporation is formed by an amalgamation in that calendar year. Province of employment (10) For the purposes of this section, if a person is employed by the same corporation in more than one province in a calendar year, the person is deemed to be employed throughout the calendar year by that corporation in the province in respect of which the person has received the highest amount of remuneration paid by the corporation and is deemed not to be employed in any other province in the calendar year. Deemed taxation year (11) For the purposes of subsections (2) and (3), if a corporation has more than one taxation year ending in the same calendar year, the particular taxation year is the first taxation year that ends in that calendar year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2024, c. 17, s. 35 2026, c. 3, s. 50
Income Tax Act — I-3.3
fuel return specified , for a designated province for a calendar year, means the amount specified by the Minister of Finance for a person employed by a corporation for the designated province for the calendar year. ( montant lié aux carburants spécifié )
Income Tax Act — I-3.3
person employed , by a corporation for a calendar year, means a person who was at any time in the calendar year employed by the corporation and in respect of whom the corporation issued (or a payroll service provider issued on behalf of the corporation) a statement of remuneration paid. ( personne employée )
Income Tax Act — I-3.3
2023 business number means the business number of a corporation which the corporation used to make remittances for employees for the corporation’s last taxation year ending in 2023. ( numéro d’entreprise 2023 )
Income Tax Act — I-3.3 127.43
he fiscal period of the other partnership — multiplied by the particular partnership’s specified proportion of the other partnership for the fiscal period of the other partnership. When assistance received (5) For the purposes of this Act other than this section, and for greater certainty, an amount that an eligible entity is deemed under subsection (2) or (3) to have paid is assistance received by it from a government immediately before the end of the taxation year to which it relates. Affiliated entities (6) For the purposes of this section, if two eligible entities are affiliated with the same eligible entity, they are deemed to be affiliated with each other. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2022, c. 5, s. 6
Income Tax Act — I-3.3
assistance means an amount, other than a prescribed amount or an amount deemed under subsection (2) to have been paid, that would be included under paragraph 12(1)(x) in computing an eligible entity’s income for any taxation year if that paragraph were read without reference to subparagraphs 12(1)(x)(v) to (vii). ( montant d’aide )
Income Tax Act — I-3.3 (a)
eligible entity , for a taxation year, means (a) a qualifying corporation for the taxation year; (b) an individual other than a trust; or (c) a partnership. ( entité déterminée )
Income Tax Act — I-3.3 (a)
qualifying corporation , for a particular taxation year, means a particular corporation that meets the following conditions: (a) it is a Canadian-controlled private corporation or would be a Canadian-controlled private corporation absent the application of subsection 136(1); and (b) it is the case that $15,000,000 > A + B where A is the particular corporation’s taxable capital employed in Canada (in this formula, within the meaning assigned by section 181.2 or 181.3) for its immediately preceding taxation year, and B is the total of all amounts, each of which is the taxable capital employed in Canada of a corporation that is associated in the particular taxation year with the particular corporation for the associated corporation’s last taxation year that ended before the beginning of the particular taxation year. ( société admissible )
Income Tax Act — I-3.3
qualifying expenditure means an outlay or expense prescribed by regulation that is made or incurred by an eligible entity during the qualifying period in the course of the eligible entity’s ordinary commercial activities. ( dépense admissible )
Income Tax Act — I-3.3
qualifying location , of an eligible entity, means real or immovable property (other than property that is a self-contained domestic establishment, or part of such a self-contained domestic establishment, the land subjacent to the self-contained domestic establishment and such portion of any immediately contiguous land as can reasonably be regarded as contributing to the use and enjoyment of the self-contained domestic establishment as a residence) in Canada used by the eligible entity primarily in the course of its ordinary commercial activities. ( emplacement admissible )
Income Tax Act — I-3.3
qualifying period means the period that begins on September 1, 2021 and ends on December 31, 2022. ( période d’admissibilité )
Income Tax Act — I-3.3 (a)
total per location expense , for a qualifying location of an eligible entity for a taxation year, means the lesser of (a) the amount determined by the formula A − B where A is the total of all amounts, each of which is a qualifying expenditure of the eligible entity made or incurred in the taxation year in respect of the qualifying location (or, for the first taxation year that ends after 2021, the qualifying expenditures made or incurred in respect of the qualifying location from the start of the qualifying period to the end of that first taxation year), and B is the total of all amounts, each of which is an amount of assistance that (i) the eligible entity has received, is entitled to receive or can reasonably be expected to receive, in respect of amounts described in A, and (ii) has not been repaid before the end of the taxation year pursuant to a legal obligation to do so; and (b) the amount determined by the formula $10,000 − C where C is the total of all amounts, each of which is a qualifying expenditure in respect of the qualifying location and (i) is a qualifying expenditure of the eligible entity, in respect of which an amount under subsection (2) or (3) is deemed to have been paid in a prior taxation year, or (ii) is a qualifying expenditure of another eligible entity that is affiliated during the qualifying period with the eligible entity, in respect of which an amount under subsection (2) or (3) is deemed to have been paid in any taxation year. ( dépense totale par emplacement )
Income Tax Act — I-3.3 (a)
total ventilation expense , of an eligible entity for a taxation year, means the lesser of (a) the total of all amounts, each of which is a total per location expense for a qualifying location of the eligible entity for the taxation year; and (b) the amount determined by the formula $50,000 × X − Y where X is (i) 100%, unless the eligible entity is affiliated at any time in the qualifying period with one or more other eligible entities that are deemed to have paid an amount under subsection (2) in respect of the qualifying period, or, in the case of a partnership, has a member that is deemed to have paid an amount under subsection (3) in respect of the partnership, (ii) a percentage assigned to the eligible entity under an agreement, if (A) the agreement is entered into by the eligible entity and each eligible entity that (I) is affiliated with the eligible entity in the qualifying period, and (II) is deemed to have paid an amount under subsection (2) in respect of the qualifying period, or, in the case of a partnership, has a member that is deemed to have paid an amount under subsection (3) in respect of the partnership, (B) the agreement is filed in prescribed form and manner with the Minister by the eligible entity and each eligible entity referred to in clause (A), (C) the agreement assigns, for the purposes of this definition, a percentage in respect of each eligible entity referred to in clause (A), and (D) the total of all the percentages assigned under the agreement does not exceed 100%, and (iii) in any other case, nil, and Y is the total of all amounts, each of which is the total ventilation expense of the eligible entity for a prior taxation year in respect of which an amount is deemed to have been paid under subsection (2) or (3). ( dépense totale de ventilation )
Income Tax Act — I-3.3 127.44
the development and operation of carbon capture, transportation, utilization and storage capacity in Canada. Tax shelter investment (16) Subsections (2) and (3) do not apply in respect of a CCUS project if a property used in the project — or an interest in a person or partnership that has, directly or indirectly, an interest in, or for civil law, a right in, a property used in the project — is a tax shelter investment for the purpose of section 143.2. Late filing (17) The Minister may accept the late filing by a qualifying taxpayer of the prescribed form containing prescribed information referred to in subsection (2) until the later of December 31, 2026 and one year after the filing-due date referred to in subsection (2), but no payment by the taxpayer is deemed to arise under that subsection until the prescribed form containing prescribed information has been filed with the Minister. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2024, c. 15, s. 35 2024, c. 17, s. 80 2026, c. 3, s. 51
Income Tax Act — I-3.3 (a)
captured carbon means captured carbon dioxide that (a) would otherwise be released into the atmosphere; or (b) is captured directly from the ambient air. ( carbone capté )
Income Tax Act — I-3.3 (a)
CCUS process means the process of carbon capture, utilization and storage that includes the (a) capture of carbon dioxide (i) that would otherwise be released into the atmosphere, or (ii) directly from the ambient air; and (b) storage or use of the captured carbon. ( processus de CUSC )
Income Tax Act — I-3.3 (a)
CCUS project means a project that is intended to support a CCUS process by (a) capturing carbon dioxide (i) that would otherwise be released into the atmosphere, or (ii) directly from the ambient air; (b) transporting captured carbon; or (c) storing or using captured carbon. ( projet de CUSC )
Income Tax Act — I-3.3
CCUS tax credit means an amount deemed under subsection (2) to have been paid by a taxpayer on account of its tax payable under this Part for the year. ( crédit d’impôt pour le CUSC )
Income Tax Act — I-3.3 (a)
dedicated geological storage means a geological formation that is (a) located in a designated jurisdiction; (b) capable of permanently storing captured carbon; (c) authorized and regulated for the storage of captured carbon under the laws of the designated jurisdiction; and (d) a formation in which no captured carbon is used for enhanced oil recovery.‍ ( stockage géologique dédié )
Income Tax Act — I-3.3 (a)
designated jurisdiction means (a) the provinces of British Columbia, Saskatchewan and Alberta; and (b) any other jurisdiction within Canada (including the exclusive economic zone of Canada) or the United States for which a designation by the Minister of the Environment under subsection (13) is in effect. ( juridiction désignée )
Income Tax Act — I-3.3 (a)
eligible use means (a) the storage of captured carbon in dedicated geological storage; or (b) the use of captured carbon in producing concrete in Canada or the United States using a qualified concrete storage process. ( utilisation admissible )
Income Tax Act — I-3.3 (a)
excluded CCUS equipment , in respect of a CCUS project of a taxpayer, means equipment that (a) is expected to be used in the production of hydrogen and would be required to produce hydrogen even if no CCUS process was applied by the taxpayer to produce the hydrogen; (b) is expected to be used for (i) natural gas processing, or (ii) acid gas injection; or (c) is oxygen production equipment. ( matériel de CUSC exclu )
Income Tax Act — I-3.3
first day of commercial operations means the day that is 120 days after the day on which captured carbon dioxide is first delivered to a carbon transportation, carbon storage or carbon use system for the purpose of storage or use on an ongoing operational basis. ( premier jour des activités commerciales )
Income Tax Act — I-3.3 (a)
ineligible use means (a) the emission of captured carbon into the atmosphere, other than (i) for the purposes of system integrity or safety, or (ii) incidental emission made in the ordinary course of operations; (b) the storage or use of captured carbon for enhanced oil recovery; and (c) any other storage or use that is not an eligible use. ( utilisation non admissible )
Income Tax Act — I-3.3
non-government assistance has the same meaning as in subsection 127(9). ( aide non gouvernementale )
Income Tax Act — I-3.3 (a)
preliminary CCUS work activity means an activity that is preliminary to the acquisition, construction, fabrication or installation by or on behalf of a taxpayer of property that is described in Class 57 or 58 of Schedule II to the Income Tax Regulations or that is dual-use equipment in respect of the taxpayer’s CCUS project including, but not limited to, a preliminary activity that is (a) obtaining permits or regulatory approvals; (b) performing front-end design or engineering work, including front-end engineering design studies (or equivalent studies as determined by the Minister of Natural Resources) but excluding detailed design or engineering work in relation to specific property included in Class 57 or Class 58; (c) conducting feasibility studies or pre-feasibility studies (or equivalent studies as determined by the Minister of Natural Resources); (d) conducting environmental assessments; or (e) clearing or excavating land, except excavation directly related to the installation of property that is described in Class 57 or 58 of Schedule II to the Income Tax Regulations or that is dual-use equipment. ( travaux préliminaires de CUSC )
Income Tax Act — I-3.3
projected eligible use percentage , in respect of a CCUS project, for a period is the amount, expressed as a percentage, determined by the formula A ÷ B where A is the quantity of captured carbon that the CCUS project is expected, based on the project’s most recent project plan, to support for storage or use in eligible use during the period; and B is the total quantity of captured carbon that the CCUS project is expected, based on the project’s most recent project plan, to support for storage or use in both eligible use and ineligible use during the period. ( pourcentage d’utilisation admissible prévu )
Income Tax Act — I-3.3 (a)
project plan means a plan for a CCUS project that (a) reflects a front-end engineering design study (or an equivalent study as determined by the Minister of Natural Resources) for the CCUS project; (b) describes the quantity of captured carbon that the CCUS project is expected to support for storage or use in each calendar year over its total CCUS project review period, in (i) eligible use, and (ii) ineligible use; (c) contains information required in guidelines published by the Minister of Natural Resources; and (d) is filed with the Minister of Natural Resources, in the form and manner determined by that Minister, (i) before the project’s first day of commercial operations, or (ii) if the project’s first day of commercial operations occurs before the Minister of Natural Resources accepts plan filings, within 90 days after the first day on which such filings are accepted. ( plan de projet )
Income Tax Act — I-3.3 (a)
s the projected eligible use percentage for the fourth project period; and F is (a) if the time of the expenditure is before the second project period, 0.25, (b) if the time of the expenditure is during the second project period, 0.33, (c) if the time of the expenditure is during the third project period, 0.5, and (d) if the time of the expenditure is during the fourth project period, 1. ( dépense admissible pour le captage du carbone )
Income Tax Act — I-3.3 (a)
qualified carbon storage expenditure of a taxpayer for a taxation year means an amount that is the capital cost incurred by the taxpayer to acquire in the year, in respect of a qualified CCUS project of the taxpayer, a property (other than property situated outside of Canada) that is (a) expected, based on the qualified CCUS project’s most recent project plan before the time the expenditure is incurred, to support storage of captured carbon solely in a manner described in paragraph (a) of the definition of eligible use ; and (b) described in (and, in the case of property acquired before the first day of commercial operations of the project, verified by the Minister of Natural Resources as being property described in) (i) paragraph (c) of Class 57 in Schedule II to the Income Tax Regulations , or (ii) any of paragraphs (d) to (g) of Class 57 in Schedule II to the Income Tax Regulations in relation to equipment described in paragraph (c) of that Class. ( dépense admissible pour le stockage du carbone )
Income Tax Act — I-3.3 (a)
qualified carbon transportation expenditure of a taxpayer for a taxation year means an amount that is the portion of an expenditure incurred by the taxpayer to acquire a property in the year in respect of a qualified CCUS project of the taxpayer, determined by the formula A × (B + C + D + E) × F where A is, in respect of property acquired by the taxpayer in the year (other than property situated outside of Canada), the capital cost of property described in (and, in the case of property acquired before the first day of commercial operations of the project, verified by the Minister of Natural Resources as being property described in) (a) paragraph (b) of Class 57 in Schedule II to the Income Tax Regulations , or (b) any of paragraphs (d) to (g) of Class 57 in Schedule II to the Income Tax Regulations in relation to equipment described in paragraph (b) of that Class; B is (a) if the time of the expenditure is after the first project period, nil, or (b) in any other case, the projected eligible use percentage for the first project period; C is (a) if the time of the expenditure is after the second project period, nil, or (b) in any other case, the projected eligible use percentage for the second project period; D is (a) if the time of the expenditure is after the third project period, nil, or (b) in any other case, the projected eligible use percentage for the third project period; E is the projected eligible use percentage for the fourth project period; and F is (a) if the time of the expenditure is before the second project period, 0.25, (b) if the time of the expenditure is during the second project period, 0.33, (c) if the time of the expenditure is during the third project period, 0.5, and (d) if the time of the expenditure is during the fourth project period, 1. ( dépense admissible pour le transport du carbone )
Income Tax Act — I-3.3 (a)
qualified carbon use expenditure of a taxpayer for a taxation year means an amount that is the capital cost incurred by the taxpayer to acquire in the year, in respect of a qualified CCUS project of the taxpayer, a property (other than property situated outside of Canada) that is (a) described in (and, in the case of property acquired before the first day of commercial operations of the project, verified by the Minister of Natural Resources as being property described in) any of paragraphs (a) to (e) of Class 58 in Schedule II to the Income Tax Regulations ; and (b) expected, based on the qualified CCUS project’s most recent project plan before the time the expenditure is incurred, to support storage or use of captured carbon solely in a manner described in paragraph (b) of the definition of eligible use . ( dépense admissible pour l’utilisation du carbone )
Income Tax Act — I-3.3 (a)
qualified CCUS expenditure means a (a) qualified carbon capture expenditure; (b) qualified carbon transportation expenditure; (c) qualified carbon storage expenditure; or (d) qualified carbon use expenditure. ( dépense de CUSC admissible )
Income Tax Act — I-3.3 (a)
qualified CCUS project means a CCUS project of a taxpayer that meets the following conditions: (a) it is expected, based on the project’s most recent project plan, to support the capture of carbon dioxide in Canada for a period that is at least equal to the total CCUS project review period for the project; (b) an initial project evaluation has been issued by the Minister of Natural Resources, in the form and manner determined by the Minister of Natural Resources, in respect of the project; (c) based on the most recent project plan for the project, its projected eligible use percentage equals or exceeds 10% in each of the following periods: (i) if the first project period begins after September of a calendar year, the period beginning on the first day of commercial operations and ending on December 31 of the following calendar year, and (ii) each calendar year of the project’s total CCUS project review period, other than a period that includes a year referred to in subparagraph (i); and (d) it is not a project that is (i) operated to service a unit (as defined under the Reduction of Carbon Dioxide Emissions from Coal-fired Generation of Electricity Regulations ) for which the commissioning date (as defined under the Reduction of Carbon Dioxide Emissions from Coal-fired Generation of Electricity Regulations ) was on or before April 7, 2022, and (ii) undertaken for the purpose of complying with emission standards that apply, or will apply, under the Reduction of Carbon Dioxide Emissions from Coal-fired Generation of Electricity Regulations . ( projet de CUSC admissible )
Income Tax Act — I-3.3 (a)
qualified concrete storage process means a process evaluated against the ISO 14034:2016 standard Environmental management — Environmental technology verification for which a validation statement confirming that at least 60% of the captured carbon that is injected into concrete is expected to be mineralized and permanently stored in the concrete has been issued by a professional or organization that (a) is accredited as a verification body, under ISO 14034:2016, Environmental management – Environmental technology verification and ISO/IEC 17020:2012, Conformity assessment — Requirements for the operation of various types of bodies performing inspection , by the Standards Council of Canada, the ANSI National Accreditation Board (U.S.) or any other accreditation organization that is a member of the International Accreditation Forum; and (b) meets the requirements of a third-party inspection body described in ISO/IEC 17020:2012, Conformity assessment — Requirements for the operation of various types of bodies performing inspection . ( processus de stockage dans le béton admissible )
Income Tax Act — I-3.3
qualifying taxpayer means a taxable Canadian corporation. ( contribuable admissible )