salvage buyer

arisings | salvage

tax recoverable from the purchaser

recovery procedures

(iv) heat recovery equipment used by the taxpayer, or by a lessee of the taxpayer, primarily for the purpose of conserving energy, or reducing the requirement to acquire energy, by extracting for reuse thermal waste that is generated directly in an industrial process (other than an industrial process that generates or processes electrical energy), including such equipment that consists of heat exchange equipment, compressors used to upgrade low pressure steam, vapour or gas, waste heat boilers and other ancillary equipment such as control panels, fans, instruments or pumps, but not including property that is employed in re-using the reco ...[+++]vered heat (such as property that is part of the internal heating or cooling system of a building or electrical generating equipment), is a building or is equipment that recovers heat primarily for use for heating water in a swimming pool,

(2) A person who recovers halocarbons from a fire-extinguishing system shall use recovery equipment with a transfer efficiency of at least 99% as referred to in the publication ULC/ORD-C1058.5-2004, of the Underwriters’ Laboratories of Canada, entitled Halon and Halocarbon Clean Agent Recovery and Reconditioning Equipment.

(iii) heat recovery equipment that is designed to conserve energy or reduce the requirement to acquire energy by extracting and reusing heat from thermal waste including condensers, heat exchange equipment, steam compressors used to upgrade low pressure steam, waste heat boilers and ancilliary equipment such as control panels, fans, instruments or pumps,

This will be expanded to include certain heat recovery equipment used in a broader range of applications than was the case prior to Budget 2010 as well as distribution equipment used in district energy systems that rely primarily on ground source heat pumps, active solar systems or heat recovery equipment.