@Giorgio12 It’s now included in Schedule II of the Income Tax Regulations:
”equipment that is part of an air-source heat pump system that transfers heat from the outside air, including refrigerant piping, energy conversion equipment, thermal energy storage equipment, control equipment and equipment designed to enable the system to interface with other heating and cooling equipment”
Paragraph (e) of the regulation says:
Subparagraph (e)(i) requires that the system was “acquired by the taxpayer for use by the taxpayer for the purpose of gaining or producing income from a business carried on in Canada or from property situated in Canada”. Therefore if this is solely a rental property (not personal use, not for use by family at below market rent) it would qualify.
For more information we suggest to contact CRA directly.
