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Small Manufacturers Production Equipment Exemption Regulations (SOR/82-572)

Regulations are current to 2021-05-04

Small Manufacturers Production Equipment Exemption Regulations

SOR/82-572

EXCISE TAX ACT

Registration 1982-06-03

Regulations Exempting Small Manufacturers from the Application of Paragraph 1(r) of Part XIII of Schedule III to the Excise Tax Act in Respect of Production Equipment

P.C. 1982-1678 1982-06-03

His Excellency the Governor General in Council, on the recommendation of the Minister of National Revenue and the Minister of Finance, pursuant to paragraph 1(r) of Part XIII of Schedule III to the Excise Tax Act, is pleased hereby to make the annexed Regulations exempting small manufacturers from the application of paragraph 1(r) of Part XIII of Schedule III to the Excise Tax Act in respect of production equipment.

Short Title

 These Regulations may be cited as the Small Manufacturers Production Equipment Exemption Regulations.

Prescription

 For the purpose of paragraph 1(r) of Part XIII of Schedule III to the Excise Tax Act, the persons prescribed are manufacturers who

  • (a) sell goods of their own manufacture, or

  • (b) manufacture goods for their own use

that are otherwise subject to the consumption or sales tax, if the value of the goods manufactured and sold or manufactured for their own use does not exceed in the aggregate $50,000 in any calendar year.

 Section 2 is effective as of November 17, 1978.

 
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