Section 127.44

Subsection 127.44(1)

Dedicated Geological Storage

Administrative Policy

31 October 2024 External T.I. 2024-1038061E5 F - Dedicated Carbon Storage

Does a “geological formation” referred to in the definition of “dedicated geological storage” refer only to an underground reservoir, or...

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Words and Phrases
geological formation

Qualified Carbon Capture Expenditure

A

Paragraph (b)

Subparagraph (b)(i)

Administrative Policy

5 June 2025 External T.I. 2025-1055221E5 - CCUS Factor - Power Purchase Agreements

Taxpayer A will construct a power plant built with integrated carbon capture equipment in Alberta (Project A), which constitutes a qualified CCUS...

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Subsection 127.44(4)

Administrative Policy

21 July 2025 External T.I. 2024-1039761E5 - CCUS timing issue: Paragraph 127.44(9)(h)

In 2026. a taxable Canadian corporation (Aco) takes ownership and delivery of, and pays for, equipment described in Class 57(a) at the premises...

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Subsection 127.44(9)

Administrative Policy

21 July 2025 External T.I. 2025-1068511E5 - CCUS timing issue: Paragraph 127.44(9)(e)

A taxable Canadian corporation (BCo), receives initial project evaluation from Natural Resources Canada (NRCan) for its CCUS project in 2025. In...

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