Income Tax Act — I-3.3 127.491
Definitions 127.491 (1) The following definitions apply in this section. actual emission intensity means the emission intensity of a specified natural gas energy system of a qualifying entity, based on the actual carbon dioxide emissions from the production of electrical energy by the system. ( intensité des émissions réelle ) average actual emission intensity means, for the compliance period of a qualified natural gas energy system, the number determined by the formula ((A × B) + (C × D) + (E × F) + (G × H) + (I × J)) ÷ K where A is the actual emission intensity of the system for the first operating year of the compliance period; B is the quantity, in gigawatt hours, of electrical energy produced by the system in the first operating year of the compliance period; C is the actual emission intensity of the system for the second operating year of the compliance period; D is the quantity, in gigawatt hours, of electrical energy produced by the system in the second operating year of the compliance period; E is the actual emission intensity of the system for the third operating year of the compliance period; F is the quantity, in gigawatt hours, of electrical energy produced by the system in the third operating year of the compliance period; G is the actual emission intensity of the system for the fourth operating year of the compliance period; H is the quantity, in gigawatt hours, of electrical energy produced by the system in the fourth operating year of the compliance period; I is the actual emission intensity of the system for the fifth operating year of the compliance period; J is the quantity, in gigawatt hours, of electrical energy produced by the system in the fifth operating year of the compliance period; and K is the total quantity, in gigawatt hours, of electrical energy produced by the system during the compliance period. ( intensité des émissions réelle moyenne ) clean electricity investment tax credit of a qualifying entity for a taxation year means the total of all amounts each of which is (a) the specified percentage of the capital cost to the qualifying entity of clean electricity property that is acquired by the entity in the year; or (b) an amount required by subsection (12) to be added in computing the entity’s clean electricity investment tax credit at the end of the year. ( crédit d’impôt à l’investissement pour l’électricité propre ) clean electricity property means property of a qualifying entity (a) that is not part of a project the construction of which started before March 28, 2023 (and for this purpose, construction does not include obtaining permits or regulatory approval, conducting environmental assessments, community consultations or impact assessment studies or similar activities); (b) that is situated in Canada (including property described in subparagraph (d)‍(v) or (xiv) of Class 43.‍1 in Schedule II to the Income Tax Regulations that is installed in the exclusive economic zone of Canada) and intended for use exclusively in Canada; (c) that has not been used, or acquired for use or lease, for any purpose whatever before it was acquired by the entity; (d) that, if it is to be leased by a qualifying entity to another person or partnership, is (i) leased to a qualifying entity or a partnership all the members of which are qualifying entities, and (ii) leased in the ordinary course of carrying on a business in Canada by the qualifying entity whose principal business is selling or servicing property of that type, or whose principal business is leasing property, lending money, purchasing conditional sales contracts, accounts receivable, bills of sale, chattel mortgages or hypothecary claims on movables, bills of exchange or other obligations representing all or part of the sale price of merchandise or services, 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 re