I-3 - Taxation Act

Section 1029.8.36.53.26 Disposition versions

2021-06-02

1029.8.36.53.26. (Repealed).

2010, c. 5, s. 157; 2021, c. 14, s. 144.

2010-04-20

1029.8.36.53.26. The amount to which the first paragraph of sections 1029.8.36.53.23 and 1029.8.36.53.24 refers, in relation to the long-term leasing of a recognized energy-efficient vehicle, is equal to the amount obtained by multiplying the amount that would be determined in accordance with any of paragraphs a to d of section 1029.8.36.53.25 in respect of the vehicle if it were acquired at the time at which it is leased, by

(a)  85%, if the leasing period is at least 72 months;

(b)  80%, if the leasing period is at least 60 months and less than 72 months;

(c)  70%, if the leasing period is at least 48 months and less than 60 months;

(d)  55%, if the leasing period is at least 36 months and less than 48 months;

(e)  40%, if the leasing period is at least 24 months and less than 36 months; and

(f)  25%, if the leasing period is less than 24 months.

2010, c. 5, s. 157.