CRA no longer considers substantially refurbished equipment to be new equipment for the purposes of s. 127(9) - "qualified property"

CRA has previously indicated that it would consider an extensively renovated piece of equipment to be new equipment for the purposes of the definition of "qualified property" in s. 127(9), but this is no longer the case.  CRA cited the administrative difficulty in applying that position, as shown in the Pêcheries Yvon Savage decision.

Scott Armstrong.  Summary of 11 July 2013 T.I. 2013-0490091I7 under s. 127(9) - "qualified property."