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British Columbia SR&ED - Canadian SR&ED Solutions

Qualified expenditures in British Columbia do not include expenses incurred in the course of earning a living. Other corporations, corporations claiming credit from a partnership, and CCPCs whose expenditure exceeds their expenditure limit may claim a non-refundable tax credit to the extent that their British Columbia SR&ED would otherwise be payable. If a non-refundable tax credit is not deductible in the year it is earned, any remaining non-refundable tax credit can be utilized to offset British Columbia tax due in any of the three preceding years and ten years beyond that. Visit website for further detail.
Posted Jun 20 - Filed in People & Blogs - ##tax 
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