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.
1 These Regulations may be cited as the Small Manufacturers Production Equipment Exemption Regulations.
(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.
3 Section 2 is effective as of November 17, 1978.
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