Closed
Source verified August 9, 2026
Time-limited relief on taxes pertaining to transfers of electricity assets
Temporary tax relief for electricity asset transfers
Funding available
Varies by project
Deadline
Closed
Location
Ontario, Canada
Who can apply
Municipal electricity utilities required to make a payment under section 93 of the Electricity Act, 1998.
See full eligibility
Overview
Time-limited relief on taxes pertaining to transfers of electricity assets provides Ontario tax relief for municipal electricity utilities and PILs payers involved in electricity asset transfers. It covers transfers of property used for generating, transmitting, distributing or retailing electricity and capital gains under the PILs Deemed Disposition Rules.
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At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- Varies by project
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Ontario
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Transfers of electricity assets, including transfers of any interest in real or personal property used in connection with generating, transmitting, distributing or retailing electricity.
Official resources
Eligibility
Who is eligible?
- Municipal electricity utilities required to make a payment under section 93 of the Electricity Act, 1998.
- Corporations required to make a payment under section 89 or 90 of the Electricity Act, 1998.
- Eligible partnerships where each member is an eligible corporation, or a partnership in which all partnership interests are held directly or indirectly by eligible corporations.
Eligible geographic areas
- Ontario
Additional information
- The page explains amendments to O. Reg. 124/99, O. Reg. 162/01, and O. Reg. 207/99 under the Electricity Act, 1998.
- The regulations also address deemed transfers, excluded transfers, partnership interests, and anti-avoidance rules for share-acquisition agreements.
Frequently Asked Questions about the Time-limited relief on taxes pertaining to transfers of electricity assets Program
What is the Time-limited relief on taxes pertaining to transfers of electricity assets?
Time-limited relief on taxes pertaining to transfers of electricity assets provides Ontario tax relief for municipal electricity utilities and PILs payers involved in electricity asset transfers. It covers transfers of property used for generating, transmitting, distributing or retailing electricity and capital gains under the PILs Deemed Disposition Rules.
Who is eligible for the Time-limited relief on taxes pertaining to transfers of electricity assets program?
To be eligible for the Time-limited relief on taxes pertaining to transfers of electricity assets program, you must:
The transfer must be made after December 31, 2015.
If Ontario Energy Board approval is required, the approval application must be made before January 1, 2025.
A written agreement to make the transfer must be complete before January 1, 2025 and not materially changed after that date.
What expenses are eligible under Time-limited relief on taxes pertaining to transfers of electricity assets?
Transfers of electricity assets, including transfers of any interest in real or personal property used in connection with generating, transmitting, distributing or retailing electricity.
Where is the Time-limited relief on taxes pertaining to transfers of electricity assets available?
The Time-limited relief on taxes pertaining to transfers of electricity assets program is available the province of Ontario.
Is the Time-limited relief on taxes pertaining to transfers of electricity assets a grant, loan, or tax credit?
Time-limited relief on taxes pertaining to transfers of electricity assets is a Tax Credits
Who are the financial supporters of the Time-limited relief on taxes pertaining to transfers of electricity assets?
Time-limited relief on taxes pertaining to transfers of electricity assets is funded by Government of Ontario