From our friends at The Ingenuity Group: SR&ED in Budget 2019, A Minor Change With A Major Impact
A Surprising – and Significant – Change in SR&ED in the 2019 Budget
A significant announcement has been made in relation to SR&ED: repealing the use of taxable income as a factor in determining a CCPC’s annual expenditure limit for the purpose of the enhanced SR&ED tax credit. As a result, small CCPCs with taxable capital of up to $10 million will benefit from unreduced access to the enhanced refundable SR&ED credit regardless of their taxable income.
Visit SREDucation.ca to continue reading this article and check out insights on funding projections for 2019.
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