Topic:"Income Tax Act" in M09689

1. NATURE OF OPERATIONS EfficiencyOne ("the Corporation") was incorporated in July 2014 under the Canada Not-for-profit Corporations Act. Under Section 79C of the Public Utilities Act, the Corporation, as the franchise holder, has the excl...

AI summary EfficiencyOne, a not-for-profit organization incorporated in 2014, operates under a franchise agreement with NS Power to provide electricity efficiency and conservation services in Nova Scotia. The franchise expires in 2025, and the Corporation is exempt from income taxes under the Income Tax Act.

per cord, board foot or cubic metre cut in the tax year and the UCC at the end of the tax year (before any CCA deduction). - Canadian vessels described under paragraph 1100(1)(v) of the Regulations: the lesser of 50% of the capital cost of...

AI summary The text outlines the rules for calculating Capital Cost Allowance (CCA) in Canada, including specific rates and calculations for different types of property, such as timber resources, industrial mineral mines, and Canadian vessels. It also references the accelerated investment incentive and its eligibility criteria.