In Repsol Canada Ltd. v. The Queen, 2015 TCC 21, the Tax Court of Canada found that a deep water pier and plant (Facility) in New Brunswick qualified as a processing asset included in Class 43 for the 2007 taxation year. The Facility was used for receiving, unloading, and storing liquid natural gas (LNG), and re-gasifying the LNG into methane (having required specifications) for sale into a transmission pipeline system. This activity was sufficient to constitute “processing”. The Facility was not included in Class 1(n), as part of a gas distribution system, because the activities at the Facility were conducted prior to the methane entering into a transmission/distribution pipeline system. (The capital cost allowance regulations were subsequently amended to include such LNG facilities in Class 47, depreciable at 8% per annum.)