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SR&ED is a tax refund - cash in hand at the end of your taxable year.
by fraserharris 11y ago
SR&ED is a tax refund - cash in hand at the end of your taxable year.
- maaku 11y ago"if you did not pay taxes". No income, no taxes, no refund, no cash in hand at the end of the year. Yes if it works anything like the US system you could probably credit that would-be refund towards the following year, or the year after. But is that worth the time away from product when your company needs it the most?
- benjaminfox 11y agoIt's actually a refundable tax credit. You receive it even if you have no income or profit (and paid no taxes).