Tax ConsiderationsStandard Business practices apply. Operating and interest costs of the facility are deductible. Capital cost allowance can be taken on a 50% declining balance accelerated basis under the income tax act for renewable energy assets.
HST - July 1, 2010 becomes effective combining provincial and federal tax at 13%.
PST - Exempted on sales of “electricity for all purposes"
GST - Equipment/Installation are subject to GST. Registered GST companies can claim the tax credit.