Nova Scotia Power Regulated integrated electric utility serving the province of Nova Scotia. Nova Scotia Power is delivering one of the most ambitious clean energy transitions in Canada and is an industry leader in GHG reductions in the co...
AI summary Nova Scotia Power is a regulated integrated electric utility in Nova Scotia leading a major clean energy transition and achieving significant GHG reductions in Canada.
4.0 NOVA SCOTIA'S 2030 CLEAN POWER PLAN 3 On October 11, 2023, the Province of Nova Scotia released the 2030 Clean Power Plan. 6 This - 4 release detailed the new resources that have been identified by the provincial government as being -...
AI summary The Province of Nova Scotia released the 2030 Clean Power Plan on October 11, 2023, outlining the resources needed to meet decarbonization goals by 2030.
ection is filed under subsection 93.4(4) or (5) of the Act. 4 (1) The Act is amended by adding the following after section 93.3: Definitions 93.4 (1) The following definitions apply in this section. FABI surplus, of a foreign affiliate (re...
AI summary The text outlines an amendment to the Act, specifically adding definitions under section 93.4. It defines FABI surplus in relation to a foreign affiliate, including specific conditions related to taxable surplus calculations under the Income Tax Regulations.
ductible 248(1), but does not include a natural person or a part- par l’effet de la division 95(2)f.11)(ii)(D)) nership. (contribuable) sur le total des sommes dont chacune re- présente : transaction includes an arrangement or event. (opér...
AI summary The text outlines definitions related to tax regulations, including terms such as 'transaction,' 'transferred capacity,' and provisions under subsection 95(2)f.11)(ii)(D). It discusses revenue from interests and financing of affiliated companies and sums included under specific tax subdivisions.
2 the foreign affiliate’s relevant affiliate écrit en vertu de la présente division selon les interest and financing expenses (as de- modalités réglementaires, fined in subsection 18.2(1)) (determined without regard to this clause and subs...
AI summary The text outlines specific financial calculations related to a foreign affiliate's interest and financing expenses, as well as foreign accrual property losses, under a regulatory framework. These calculations are determined without regard to certain subsections of the Income Tax Regulations.
3 les dépenses d’intérêts et de finance- (determined without regard to this clause, ment de la société affiliée pertinentes clause (D) and subsection 18.2(19)) for the (au sens du paragraphe 18.2(1)) de la socié- taxation year, and té étra...
AI summary The text outlines the determination of interest and finance expenses of a foreign affiliate, excluding specific provisions, and references the foreign affiliate's foreign accrual property loss or income for the taxation year.
enacted by subsection après l’article 127.44, édicté par le paragraphe 35(1): 35(1), de ce qui suit : Definitions Définitions 127.45 (1) The following definitions apply in this sec- 127.45 (1) Les définitions qui suivent s’appliquent au ti...
AI summary This text defines the 'clean technology investment tax credit of a qualifying taxpayer for a taxation year' as 'government assistance' under subsection 127(9). It is part of a legal definition section in a regulatory proceeding document.
(a) the total of all amounts each of which is the speci- aide non gouvernementale S’entend au sens du para- fied percentage of the capital cost to the taxpayer of graphe 127(9). (non-government assistance) clean technology property acquire...
AI summary The text defines 'clean technology property' as property situated in Canada, including specific categories under the Income Tax Regulations, intended for exclusive use in Canada and not previously used or acquired for use or lease by anyone before the taxpayer's acquisition.
l’investissement dans les technologies propres à la fin (g) transmission equipment; de l’année. (clean technology investment tax cred- it) (h) equipment for the distribution of heat energy; matériel d’énergie solaire concentrée S’entend du...
AI summary The text outlines eligible and excluded equipment under a clean technology investment tax credit, including transmission equipment, heat energy distribution equipment, and structures supporting concentrated solar energy equipment, with specific exclusions noted.
ique. (con- centrated solar energy equipment) non-clean technology use means a use of a particular property at a particular time that would, if the property matériel non admissible S’entend, à la fois : were acquired at that time, result i...
AI summary The text defines 'non-clean technology use' as the use of a property that would cause it to cease being a clean technology property if acquired at that time. It also outlines examples of non-clean technology, such as auxiliary heat or electricity generation equipment using fossil fuels and distribution equipment.
b) le 28 mars 2023 ou après et avant le 1er janvier 2034, 30 %; c) après le 31 décembre 2033 et avant le 1er janvier 2035, 15 %; d) après le 31 décembre 2034, zéro. (specified per- centage) utilisation non concernée par la technologie prop...
AI summary The text outlines a schedule for a percentage reduction, starting at 30% from March 28, 2023, decreasing to 15% after December 31, 2033, and reaching zero after December 31, 2034. It also defines 'non-clean technology use' as the use of a specific asset at a specific time that would cause it to no longer be considered a clean technology asset.
définition de bien de technologie propre au présent pa- ragraphe. (non-clean technology use) Clean technology investment tax credit Crédit d’impôt dans les technologies propres (2) If a qualifying taxpayer files with its return of income (...
AI summary This text outlines a clean technology investment tax credit, which allows qualifying taxpayers to apply for a credit by submitting a prescribed form with specific information. The taxpayer is deemed to have paid an amount equal to the credit on their balance-due day for the year.
suit d’une année la date d’échéance de production qui est applicable au contribuable pour l’année. Time of acquisition Moment de l’acquisition (4) For the purpose of this section, clean technology (4) Pour l’application du présent article,...
AI summary The text outlines rules regarding the acquisition and availability of clean technology property for tax purposes, specifying that such property is deemed not acquired until it is ready for use by the taxpayer. It also addresses special rules for adjustments related to the clean technology investment tax credit.
à l’investissement dans les technologies propres pour l’année. Partnerships Société de personnes (8) Subject to section 127.47, where, in a particular taxa- (8) Sous réserve de l’article 127.47, dans le cas où, au tion year of a taxpayer w...
AI summary The text discusses the calculation of the clean technology investment tax credit for a taxpayer who is a member of a partnership, considering the portion of a determined amount that is reasonably attributable to the taxpayer's share.
calcul de son crédit d’impôt à l’investissement dans les technologies propres à la fin de l’année donnée. Unpaid amounts Sommes impayées (9) For the purposes of this section, where any part of (9) Pour l’application du présent article, dan...
AI summary The text outlines the treatment of unpaid amounts related to the capital cost of clean technology property for the purpose of calculating the clean technology investment tax credit. If any part of the capital cost is unpaid 180 days after the end of the taxation year, it is excluded from the capital cost in that year and added when it is paid.
b) ajouté au coût en capital du bien au moment où il est payé. Tax shelter investment Abri fiscal déterminé (10) Subsection (2) does not apply if a clean technology (10) Le paragraphe (2) ne s’applique pas si un bien de property — or an in...
AI summary This text discusses the application of subsection (2) in relation to clean technology properties and tax shelter investments under section 143.2. It specifies that subsection (2) does not apply if the property or interest in a person or partnership is considered a tax shelter investment.
civil, un droit sur le bien — est un abri fiscal déterminé pour l’application de l’article 143.2. Recapture — conditions for application Récupération — conditions d’application (11) Subsection (12) applies in a taxation year if (11) Le par...
AI summary The text outlines conditions for the application of a recapture provision under a taxation year, specifically relating to the acquisition of clean technology property and entitlement to a clean technology investment tax credit.
bien, which the clean technology investment tax credit was deducted. C le coût en capital du bien donné auquel la déduc- tion du crédit d’impôt à l’investissement dans les technologies propres a été appliquée. Certain non-arm’s length tran...
AI summary This text discusses the application of the clean technology investment tax credit to certain non-arm’s length transfers between taxable Canadian corporations. It outlines exceptions to subsections (11) and (12) when the purchaser of a property is related to the transferor and acquired the property under specific conditions.
Recapture of credit for partnerships Récupération du crédit — sociétés de personnes (16) Subsection (17) applies in a fiscal period of a part- (16) Le paragraphe (17) s’applique au cours d’un exer- nership if cice d’une société de personne...
AI summary The text outlines the conditions under which a partnership can recapture credit for acquiring a particular clean technology property, including requirements related to cost inclusion and conversion of the property during a fiscal period.
son affectation, de son exportation ou de sa disposi- tion. Information return — partnerships Déclaration de renseignements — société de personnes (18) If subsections (16) and (17) apply with respect to (18) Si les paragraphes (16) et (17)...
AI summary The text outlines requirements for partnerships to notify the Minister regarding property under subsections (16) and (17) and explains the purpose of the clean technology investment tax credit, which aims to encourage investment in clean technology property in Canada.
signé à titre d’em- ployé d’un demandeur d’incitatif ou d’une autre per- specified property means property all or a portion of sonne ou société de personnes; the cost of which qualifies for a specified tax credit. b) dont le travail ou les...
AI summary The text defines 'specified property' and 'specified tax credit,' with the latter referring to the CCUS tax credit and the clean technology investment tax credit. It also outlines the characteristics of a 'covered worker,' excluding certain categories of employees.
the expenditure. tale ou d’aide non gouvernementale, selon le cas, à l’égard de la dépense. Credit received by member of partnership Réception de crédit — associé d’une société de personnes (6) For the purposes of subsection 13(7.1), if, p...
AI summary This text discusses the allocation of credits under a clean economy provision, stating that any amount added to a taxpayer's clean economy tax credit is deemed to have been received by the partnership as government assistance for the acquisition of depreciable property.
rty. nement relativement à l’acquisition de biens amortis- sables. Tiered partnerships Paliers de sociétés de personnes (7) For the purposes of each clean economy provision, a (7) Pour l’application de chaque disposition pour l’éco- person...
AI summary The text outlines provisions related to tiered partnerships under clean economy regulations, stating that members of partnerships are deemed to be members of other partnerships they are associated with. The provisions came into force on January 1, 2022.
ux catégories 57 ou 58 de l’annexe II (C) a property is a clean technology property du Règlement de l’impôt sur le revenu, (as defined in section 127.45), and (C) un bien constitue un bien de technologie (D) a cost is a ZETM cost of capita...
AI summary The text outlines amendments to tax regulations, specifically addressing clean technology properties and zero-emission technology manufacturing activities under the Income Tax Regulations. It references sections and parts of the regulations, including definitions and classifications related to tax categories and costs.
Disclaimer: These summaries were generated by AI from the filings they describe. We take care to make them accurate, but errors are possible - and they aren't advice. Only the filings themselves are the record: if you're relying on something here, confirm it against the source documents or the Nova Scotia Energy Board's own record. Full disclaimer →