Allowable SR&ED Expenditures
Salaries and Wages
Salary and Wage Expenditures refer to the eligible expenses associated with the compensation paid to employees directly involved in conducting SR&ED work.
For additional details on salary and wage expenditures, kindly consult https://sredx.tistory.com/entry/Salary-and-Wage-Expenditures
SR&ED Salary and Wage Expenditures
Salaries and wages are one of the eligible expenditure categories that businesses can claim as part of their SR&ED tax credit applications. T4’d Employees Directly engaged in SR&ED Some allowance for first-level supervision Must be paid within 180 days o
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Materials
Materials expenditures refer to the costs associated with the purchase, consumption, or use of materials, substances, or supplies that are directly used in eligible SR&ED work.
For additional details on material expenditures, kindly consult https://sredx.tistory.com/entry/SRED-Materials-Expenditures
SR&ED Materials Expenditures
Materials definition All the raw materials, substances, or items that constitute the body of a thing at a specific point in the SR&ED process are eligible for inclusion in your SR&ED expenditures, including items such as: Consumables, like lab supplies and
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Contracts
Contract expenditures refer to costs incurred by a business for research and development (R&D) activities that are outsourced to third-party contractors or subcontractors.
For additional details on contract expenditures, kindly consult https://sredx.tistory.com/entry/SRED-Contract-Expenditures
Third Party Payments
Third-party payment expenditures refer to payments made to external organizations or individuals who provide research or development services that directly support a company's SR&ED project.
For additional details on third-party payments, kindly consult https://sredx.tistory.com/entry/Third-party-payments
Overhead
Overhead expenditures refer to indirect costs that a business incurs in support of its research and development (R&D) activities.
For additional details on overhead expenditures, kindly consult https://sredx.tistory.com/entry/Two-methods-to-calculate-SRED-Overhead-Expenditures