Income Tax Act — I-3.3 127.45
Definitions 127.45 (1) The following definitions apply in this section. clean technology investment tax credit of a qualifying taxpayer for a taxation year means (a) the total of all amounts each of which is the specified percentage of the capital cost to the taxpayer of clean technology property acquired by the taxpayer in the year; and (b) the total of amounts required by subsection (8) to be added in computing the taxpayer’s clean technology investment tax credit at the end of the year. ( crédit d’impôt à l’investissement dans les technologies propres ) clean technology property means property (a) 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; (b) that has not been used, or acquired for use or lease, for any purpose whatever before it was acquired by the taxpayer; (c) that, if it is to be leased by the taxpayer to another person or partnership, is (i) leased to a qualifying taxpayer or a partnership all the members of which are taxable Canadian corporations, and (ii) leased in the ordinary course of carrying on a business in Canada by the taxpayer 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 (d) that is (i) described in subparagraph (d)(ii), (iii.1), (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 ), (ii) 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, (iii) described in subparagraph (d)(i) of Class 43.1 in Schedule II to the Income Tax Regulations , (iv) described in Class 56 in Schedule II to the Income Tax Regulations , (iv.1) described in subparagraph (d)(xxi) of Class 43.1 or subparagraph (b)(ii) of Class 43.2 in Schedule II to the Income Tax Regulations and used primarily to charge or dispense hydrogen to property described in Class 56 in Schedule II to the Income Tax Regulations , (v) equipment that is (A) part of a system that does not extract fossil fuels for sale, (B) used exclusively for the purpose of generating electrical energy or heat energy, or a combination of electrical energy and heat energy, solely from geothermal energy, and (C) described in subparagraph (d)(vii) of Class 43.1 in Schedule II to the Income Tax Regulations , (vi) concentrated solar energy equipment, (vii) small nuclear energy property, (viii) waste biomass electricity generation equipment or waste biomass heat generation equipment that is acquired after November 20, 2023, determined without reference to subsection (4), or (ix) incorporated into another property described in any of subparagraphs (i) to (viii), 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 (viii). ( bien de technologie propre ) concentrated solar energy equipment means equipment, other than excluded equipment, used all or substantially all to generate heat or electricity, or a combination of heat and electricity, exclusively from concentrated sunlight, including (a) reflectors and related solar tracking systems; (b) thermal receivers; (c) thermal energy storage equipment; (d) electrical generating equipment; (e) heat transfer fluid systems; (f) electrical energy storage equipment; (g) eligible transmission equipment , as defined in subsection