Tax wiki
s. 211.95
PART XII.7 — Carbon Capture, Utilization and Storage
Records and books
Not yet annotated · Text current to 2026-06-21 · section last amended 2024-06-20
Current text
Every person required by section 230 to keep records and books of account on behalf of a taxpayer shall retain all records and books of account referred to in that section as are necessary to verify information regarding CCUS tax credits of the taxpayer under section 127.44 or amounts payable by the taxpayer under this Part, in respect of a CCUS project, until the end of the later of
the period referred to in paragraph 230(4)(b), and
26 years after the end of the taxpayer’s last taxation year for which an amount was deemed to have been paid under subsection 127.44(2) by reason of its paragraph (a).
Source: Justice Laws Website. Not an official version.
Historic text
This section has not been amended since it was enacted (2024, c. 15, s. 58), so there is no earlier version.
Earlier versions: Justice Laws point-in-time versions of the Act (from 31 August 2004), and CanLII (under “Versions”). On Justice Laws, each version of section 211.95 links to the one before it.
Enacting and amending legislation
- 2024, c. 15, s. 58
Text before 2004 is found in the annual Statutes of Canada cited above. Application and coming-into-force provisions are not part of the consolidation; see the amending Acts.
Cross-references
Citation
Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.), s. 211.95.