Versions of s. 127.44(1), definition “qualified carbon transportation expenditure”

qualified carbon transportation expenditure of a taxpayer for a taxation year means an amount that is the portion of an expenditure incurred by the taxpayer to acquire a property in the year in respect of a qualified CCUS project of the taxpayer, determined by the formula A × (B + C + D + E) × F where A is, in respect of property acquired by the taxpayer in the year (other than property situated outside of Canada), the capital cost of property described in (and, in the case of property acquired before the first day of commercial operations of the project, verified by the Minister of Natural Resources as being property described in) paragraph (b) of Class 57 in Schedule II to the Income Tax Regulations, or any of paragraphs (d) to (g) of Class 57 in Schedule II to the Income Tax Regulations in relation to equipment described in paragraph (b) of that Class; B is if the time of the expenditure is after the first project period, nil, or in any other case, the projected eligible use percentage for the first project period; C is if the time of the expenditure is after the second project period, nil, or in any other case, the projected eligible use percentage for the second project period; D is if the time of the expenditure is after the third project period, nil, or in any other case, the projected eligible use percentage for the third project period; E is the projected eligible use percentage for the fourth project period; and F is if the time of the expenditure is before the second project period, 0.25, if the time of the expenditure is during the second project period, 0.33, if the time of the expenditure is during the third project period, 0.5, and if the time of the expenditure is during the fourth project period, 1. (dépense admissible pour le transport du carbone)