Income Tax Regulations — 1206
0 per cent; ( pourcentage désigné ) specified property of a person means all or substantially all of the property used by the person in carrying on in Canada such of the businesses described in subparagraphs 66(15)(h)(i) to (vii) of the Act as were carried on by the person; ( biens déterminés ) specified royalty [Repealed, SOR/2007-19, s. 4] stated percentage means (a) where the taxpayer is an individual other than a trust, in respect of subparagraph 1203(2)(a)(i), (i) 100 per cent in respect of an expenditure incurred before 1989, (ii) 50 per cent in respect of an expenditure incurred after 1988 and before 1990, and (iii) 0 per cent in respect of an expenditure incurred after 1989, (b) in respect of subparagraph 1203(2)(a)(i) (where paragraph (a) is not applicable) and paragraphs 1205(1)(a), (b), (c) and (f) (i) 100 per cent in respect of an expenditure incurred or a cost incurred in borrowing capital before July 1, 1988, (ii) 50 per cent in respect of an expenditure incurred or a cost incurred in borrowing capital after June 30, 1988 and before 1990, and (iii) 0 per cent in respect of an expenditure incurred or a cost incurred in borrowing capital after 1989, (c) where the taxpayer is an individual other than a trust, in respect of subparagraph 1203(2)(a)(ii) and subsection 1203(4), (i) 100 per cent in respect of any assistance that relates to expenditures incurred before 1989, (ii) 50 per cent in respect of any assistance that relates to expenditures incurred after 1988 and before 1990, and (iii) 0 per cent in respect of any assistance that relates to expenditures incurred after 1989, and (d) in respect of subparagraph 1203(2)(a)(ii) (if paragraph (c) is not applicable), subsection 1203(4) (if paragraph (c) is not applicable) and subparagraph 1205(1)(j)(iii), (i) 100 per cent in respect of any assistance or benefit that relates to expenditures incurred before July 1, 1988, (ii) 50 per cent in respect of any assistance or benefit that relates to expenditures incurred after June 30, 1988 and before 1990, and (iii) 0 per cent in respect of any assistance or benefit that relates to expenditures incurred after 1989; ( pourcentage indiqué ) tar sands ore means ore extracted, other than through a well, from a mineral resource that is a deposit of bituminous sand, oil sand or oil shale; ( minerai de sables asphaltiques ) tertiary recovery equipment means property of a taxpayer that (a) is, or but for Class 41 in Schedule II would be, included in Class 10 in Schedule II by virtue of paragraph (j) of the description of that Class, (b) was acquired by the taxpayer after 1980 for use in a qualified tertiary oil recovery project, other than property (c) used by the taxpayer for another use prior to the use described in paragraph (b), or (d) that had, before it was acquired by the taxpayer, been used for any purpose whatever by any person with whom the taxpayer was not dealing at arm’s length. ( matériel de récupération tertiaire ) (2) In this Part, joint exploration corporation , principal-business corporation , production from a Canadian resource property, reserve amount and shareholder corporation have the meanings assigned by subsection 66(15) of the Act. (3) For the purposes of sections 1201 to 1209 and 1212, where at the end of a fiscal period of a partnership, a taxpayer was a member thereof (a) the resource profits of the partnership for the fiscal period, to the extent of the taxpayer’s share thereof, shall be included in computing his resource profits for his taxation year in which the fiscal period ended; (b) any property acquired or disposed of by the partnership shall be deemed to have been acquired or disposed of by the taxpayer to the extent of his share of thereof; (c) any property deemed by paragraph (b) to have been acquired or disposed of by the taxpayer shall be deemed to have been acquired or disposed of by him on the day the property was acquired or disposed of by the partnership; (d) any amount that has become rece