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The Department of Finance confirmed that assistance received under any support programs reduces the eligible expenses in SR&ED claims. The reduction applies to the federal tax credits calculated on the same remuneration. Knowing how much your next claim is going to be is crucial for successful financial planning to weather the economic storm.
This document is for information and illustrative purposes only. It is not, and should not be regarded as tax advice or as a recommendation regarding a course of action, including without limitation as those terms are used in any applicable law or regulation. No part of this document may be reproduced in any manner, in whole or in part, without the written permission of Venbridge except for your internal use
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