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.
https://canadiansred.ca
