What amount will the Participant include in income in a particular taxation year?
A Participant will include in income for a given taxation year all amounts earned for electricity generated by the renewable energy project and for which the Participant is entitled to receive an amount under the Contract, regardless of whether the Participant uses any of the electricity for personal consumption. Generally, the Participant should report income using the accrual method of accounting. With this method, the Participant will report the income in the taxation year that the amount is earned under the Contract, regardless of when the amount is received.
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