Point in Time - Income Tax Act

"Point in Time" Regulation Content

Income Tax Act

Natural Gas Tax Credit Regulation

B.C. Reg. 145/2019

SECTION	EFFECTIVE DATE
NOTE: Links below go to regulation content as it was prior to the changes made on the effective date. (PIT covers changes made from September 19, 2009 to "current to" date of the regulation.)
Section 1	November 7, 2019
Section 1.1	November 7, 2019
Section 1.2	November 7, 2019
Section 1.3	June 1, 2025 [retro from July 10, 2026]
Section 2.1	November 7, 2019
	June 1, 2025 [retro from July 10, 2026]

Section 1 BEFORE re-enacted by BC Reg 232/2019, effective November 7, 2019.

Definition

1 In this regulation, "Act" means the Income Tax Act.

Section 1.1 was enacted by BC Reg 232/2019, effective November 7, 2019.

Section 1.2 was enacted by BC Reg 232/2019, effective November 7, 2019.

Section 1.3 was enacted by BC Reg 118/2026, effective June 1, 2025 [retro from July 10, 2026].

Section 2.1 was enacted by BC Reg 232/2019, effective November 7, 2019.

Section 2.1 (1) description of "adjusted LNG facility inlet volume", paragraph (a) BEFORE amended by BC Reg 118/2026, effective June 1, 2025 [retro from July 10, 2026].

(a) the volume of natural gas deemed to have been purchased under section 178 of the Act by the corporation in the month at an LNG facility inlet meter for the major LNG facility;

Section 2.1 (2) description of "LNG facility inlet volume" BEFORE amended by BC Reg 118/2026, effective June 1, 2025 [retro from July 10, 2026].

LNG facility inlet volume

the volume of natural gas notionally acquired by the corporation at an LNG facility inlet meter for the major LNG facility in the month.