4 ms·

Could you go into more detail?

• fiveo 16y ago
  In BC, if you are a hi-tech company, you are eligible to receive SR&ED (given by the government, but you need to fill some paperworks). In the short-term, it's great because it gives your company some money to survive. In the long-term, when your actual balance sheet is red but because of SR&ED it becomes green, most companies are lying to themselves. There are many companies in BC that rely on SR&ED and as a result, they're not dead nor living. They can't pay top money for top talent. Their product/software take the hit. There are many CEOs that only want to ship the product ASAP or else they're going down ASAP as well. In general, it's a vicious cycle.
  • elai 16y ago
    Wouldn't that be the fact for any low tax corporation structure?
    • fiveo 16y ago
      I'm not 100% sure. I believe even big corporation might receive some too (there might be a max amount).