Income Tax Act — I-3.3 127.44
il such time as the taxpayer has filed the revised project plan, and (ii) once the taxpayer has filed the revised project plan, subparagraph (i) is deemed never to have applied; (h) subject to paragraph (e), an expenditure is deemed to have been incurred in respect of a qualified CCUS project during a particular taxation year if (i) it is incurred in the particular taxation year, in respect of a CCUS project that was not a qualified CCUS project at any time during the particular taxation year because the Minister of Natural Resources was not accepting the filing of project plans before or during the particular taxation year, and (ii) in a subsequent taxation year, the project becomes a qualified CCUS project; and (i) a building or other structure is deemed to be property described in paragraph (f) of Class 57 of Schedule II to the Income Tax Regulations , in relation to equipment described in paragraph (a) of Class 57, if (i) the building or other structure is not otherwise described in Class 57 or 58 of that Schedule and is not dual-use equipment, and (ii) all or substantially all of the building or other structure is used for the installation or operation of a combination of property that is described in any of paragraphs (a) to (e) of Class 57 of Schedule II, paragraphs (a) to (c) of Class 58 of that Schedule or paragraph (a) or (b) or subparagraph (c)(i) of the definition dual-use equipment in subsection (1). Repayment of assistance (10) If a taxpayer has, in a particular taxation year, repaid (or has not received and can no longer reasonably be expected to receive) an amount of non-government assistance that was applied to reduce the capital cost of a property under subparagraph (9)(a)(ii) for a preceding taxation year, the amount repaid (or no longer expected to be received) shall be added to the capital cost to the taxpayer of a property acquired for the purpose of determining the taxpayer’s qualified CCUS expenditure (under the relevant paragraph of that definition) for the particular year. Partnerships (11) Subject to section 127.47, if, in a particular taxation year of a qualifying taxpayer who is a member of a partnership, an amount would be determined under subsection (2) in respect of the partnership, for its taxation year that ends in the particular year, if the partnership were a taxable Canadian corporation and its fiscal period were its taxation year, the portion of that amount that can reasonably be considered to be the taxpayer’s share thereof shall be added in computing the tax credit of the taxpayer under subsection (2) at the end of the particular year. Unpaid amounts (12) For the purposes of this section, a taxpayer’s expenditure that is unpaid on the day that is 180 days after the end of the taxation year in which the expenditure is otherwise incurred is deemed (a) not to have been incurred in the year; and (b) to be incurred at the time it is paid. Designation of jurisdiction (13) For the purposes of this section and Part XII.7, the following rules apply in relation to the definition designated jurisdiction in subsection (1): (a) if the Minister of the Environment determines that a jurisdiction within Canada or the United States has sufficient environmental laws and enforcement governing the permanent storage of captured carbon (i) the Minister of the Environment may designate the jurisdiction for the purposes of this section and Part XII.7, (ii) the designation under subparagraph (i) shall specify the time at and after which it is in effect, which time may, for greater certainty, precede the time at which the designation is made, and (iii) the Minister of the Environment shall publish on a website maintained by the Government of Canada the designation referred to in subparagraph (i); and (b) the provinces of British Columbia, Saskatchewan and Alberta are deemed to have been designated by the Minister of the Environment in accordance with this subsection. Revocation of designation (14) If a jurisdictio