SR&ED
SR&ED Salary and Wage Expenditures
SREDX
2023. 10. 8. 22:46
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 of the end of the tax year
Specified Employees
- Directly engaged in SR&ED
- Owns is related to someone who owns or owns together with a related person, at least 10% of the shares of any class of the corporation or a related corporation
- Maximum allowable - 5X Year's Maximum Pensionable Earnings