You are using an outdated browser.

This website is not compatible with your web browser.

Please upgrade your browser or activate Google Chrome Frame to improve your experience.

SR&ED – What Are Specified Employees

Tax Question:

What are specified employees and their Scientific Research and Experimental Development (SR&ED) salary limits?

Facts:

Specified employees are employees who do not deal at arm’s length with the corporation or who own 10% or more of the issued shares. There are different salary limits for the proxy calculation and the deductible SR&ED expenses on specified employees.

CONTINUE READING POST –>

SHARE THIS:

Scientific Research and Experimental Development Tax Credits

One of the more generous tax incentives offered to Canadian businesses is the Scientific Research and Experimental Development Tax Incentive Program. Under this program, companies can receive a refund of up to 60% of the amount spent on research in refundable tax credits. These credits can be claimed on expenditures incurred for a wide range of projects and disciplines.

CONTINUE READING POST –>

SHARE THIS:

What is the Scientific Research & Experimental Development Program (SR&ED)?

Tax Question

What is the Scientific Research & Experimental Development (SR&ED) program?

Facts

In our opinion, the SR&ED program is the Canadian Governments’ primary incentive program for funding innovation in Canadian small businesses. If your business spends money on qualified scientific research and experimental development, you can apply for a government credit or refund of approximately 50% of the money you spent. If your corporation is involved in making innovative products, including software, or innovative processes such as manufacturing or assembly lines, then you may be entitled to a tax credit on the costs incurred to research and develop these products and processes.

CONTINUE READING POST –>

SHARE THIS:

ArchivesArchivées

Proud member of: