Income Tax Regulations — 1100
erty of the class; (o) where the taxpayer is not entitled to make a deduction under paragraph (n) in computing his income for a taxation year, such amount as he may claim in respect of property of Class 19 in Schedule II not exceeding 20 per cent of the undepreciated capital cost to him as of the end of the taxation year (before making any deduction under this subsection for the taxation year) of property of the class; Class 20 (p) such amount as he may claim in respect of property of Class 20 in Schedule II that was acquired in a particular taxation year not exceeding the lesser of (i) 20 per cent of the capital cost thereof to him, and (ii) the amount by which the capital cost thereof to him exceeds the aggregate of the amounts deducted in respect thereof in computing his income for previous taxation years, but the aggregate of amounts deductible for a taxation year in respect of property acquired in each of the particular taxation years, under this paragraph, shall not exceed the undepreciated capital cost to him as of the end of the taxation year (before making any deduction under this subsection for the taxation year) of property of the class; Class 21 (q) such amount as he may claim in respect of property of Class 21 in Schedule II that was acquired in a particular taxation year not exceeding the lesser of (i) 50 per cent of the capital cost thereof to him, and (ii) the amount by which the capital cost thereof to him exceeds the aggregate of the amounts deducted in respect thereof in computing his income for previous taxation years, but the aggregate of amounts deductible for a taxation year in respect of property acquired in each of the particular taxation years, under this paragraph, shall not exceed the undepreciated capital cost to him as of the end of the taxation year (before making any deduction under this subsection for the taxation year) of property of the class; (r) to (sa) [Repealed, SOR/78-377, s. 3] Additional Allowances — Grain Storage Facilities (sb) such additional amount as he may claim in respect of property included in Class 3, 6 or 8 in Schedule II (i) that is (A) a grain elevator situated in that part of Canada that is defined in section 2 of the Canada Grain Act as the “Eastern Division” the principal use of which (I) is the receiving of grain directly from producers for storage or forwarding or both, (II) is the receiving and storing of grain for direct manufacture or processing into other products, or (III) has been certified by the Minister of Agriculture to be the receiving of grain that has not been officially inspected or weighed, (B) an addition to a grain elevator described in clause (A), (C) fixed machinery installed in a grain elevator in respect of which, or in respect of an addition to which, an additional amount has been or may be claimed under this paragraph, (D) fixed machinery, designed for the purpose of drying grain, installed in a grain elevator described in clause (A), (E) machinery designed for the purpose of drying grain on a farm, or (F) a building or other structure designed for the purpose of storing grain on a farm, (ii) that was acquired by the taxpayer in the taxation year or in one of the three immediately preceding taxation years, at a time that was after April 1, 1972 but before August 1, 1974, and (iii) that was not used for any purpose whatever before it was acquired by the taxpayer, not exceeding the lesser of (iv) where the property is included in Class 3, 22 per cent of the capital cost thereof, where the property is included in Class 6, 20 per cent of the capital cost thereof or where the property is included in Class 8, (A) 14 per cent of the capital cost thereof in the case of property referred to in clause (i)(C), (D) or (F), and (B) 14 per cent of the lesser of $15,000 and the capital cost thereof in the case of property described in clause (i)(E), and (v) the undepreciated capital cost to him as of the end of the taxation year (before making any deduction un