wwhchung

6 ms·

1.
by wwhchung 11y ago
Would love to have access to anonymized SR&ED claims data. I'll also bet that while 75% of the claimant's are small businesses, they only get < 10% of the $4B (remind you of anything)? It's why I advocate for a lower
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by wwhchung 11y ago
Or, it could have folded and made something else. Or any number of other scenarios. But debating SR&ED being good or bad is too theoretical and everyone can point to examples on all sides. This is why I chose a very specific issue wi
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by wwhchung 11y ago
Your Canadian counterparts are incorrect, or they must not have read the post clearly. You are in fact able to deduct executive compensation against net income. You CANNOT claim excessive executive compensation for your SR&ED expendit
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by wwhchung 11y ago
You are incorrect.
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by wwhchung 11y ago
Because it's not illegal as my post points out. It's a flaw in the structure.
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by wwhchung 11y ago
Yes, it happens a LOT. I can't point fingers (it's not polite, and I'm Canadian), but it's what prompted me to write the article. And yes, it does matter who owns the IP. If a sale happens, the proceeds to to the resid
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by wwhchung 11y ago
Hi there. Claim 1 is not incorrect. I am not stating executive compensation is used to claim SR&ED. I am stating it is used to suppress net profits to qualify for the higher rate. Also, Claim 2, there is no requirement for IP to be owne
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by wwhchung 11y ago
Yup. I chose to write about something I could put figures to rather than something that's much more subjective and I don't really have a good alternative for with data to back it up. I 100% agree though.
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by wwhchung 11y ago
Bad unintended consequences was a nice way of phrasing 'it sucks and is draining money away from real R&D/innovation'
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by wwhchung 11y ago
I agree that there are many other issues with SR&ED (including the one you mentioned above). I actually point out a few at the bottom of my post. :) I just chose to tackle one that I could put clear numbers and examples to and viable
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by wwhchung 11y ago
Yup. Many more issues, but this is one that isn't subjective and I can provide possible solutions to, so its the first I wrote about. :)
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by wwhchung 11y ago
I agree that there are many other issues with SR&ED (including the one you mentioned above). I just chose to tackle one that I could put clear numbers and examples to and viable solutions. With respect to the SR&ED process itself,
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Canada's R&D tax credit program hurts R&D in Canada(medium.com)
133 points by wwhchung 11y ago|66 comments
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by wwhchung 11y ago
Agreed there are many other fundamental issues with the program. However I chose to tackle rates first since it has strong examples and solutions. The other issues are more controversial and I haven't formulated a comprehensive fix for
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Canada's R&D tax credit program hurts R&D in Canada(medium.com)
4 points by wwhchung 11y ago|2 comments
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How to Build Your Distributed Database(citusdata.com)
113 points by wwhchung 12y ago|23 comments
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by wwhchung 15y ago
I'm sorry that you feel that way, but let me clarify that statement a bit. Finding them is difficult, not because people don't want to work here, but Canadians are usually the ones more willing to work at Canadian companies, so the overall
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by wwhchung 15y ago
Yup, this is true. I updated my posts to reflect this. However once you get above 200k range, AMT starts to kick in and you can't deduct the full amount.
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by wwhchung 15y ago
Edit: Your statement that you can deduct income tax is True IF you don't take the standard deduction. Basically in your deduction, you can choose to take the standard $5800 deduction, or deduct the total taxes you paid for california (at
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by wwhchung 15y ago
Actually, here are the 100k tax rates for Waterloo, Ontario, Canada vs. SF, California: Waterloo: 26% Federal + 11.16% Provincial = 37.16% http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html San Francisco: 28% Federal + 9.3%x(0.72) State
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by wwhchung 15y ago
We're a tech startup in Vancouver. If you're interested in coming back to Canada, please look us up. We've build up our company to be very much like what you can find in the US (i.e. ownership, high quality of talent, cool things to work
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by wwhchung 15y ago
Hi there. While I agree with some of your points, i.e. issues with certain large companies being anti-competitive in the startup environment rather than being supportive, and the fact that the tax incentives offered could be better structu
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by wwhchung 15y ago
Yup: http://www.athinkingape.com/events/ Hope to see some of you there.
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by wwhchung 15y ago
As a former Waterloo co-op (and founder of a YC company), I'd have to say that the 4 month co-op program added a LOT of value. I learned more in each of those 4 month co-op terms than each of my school terms. Additionally, from all my int
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by wwhchung 17y ago
Thanks for the feedback. We'll be adding a 'join' option to widgets so you don't automatically join groups when you're logged in and visit a page with a widget.
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Get Hacker News on IM, Email, SMS or the web(chatterous.com)
18 points by wwhchung 17y ago|8 comments
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by wwhchung 19y ago
You get the ability to direct your messages to what you prefer. Say a friend added your e-mail to the group. By signing up, you can route the messages to your gtalk or sms or web instead.
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by wwhchung 19y ago
Nope. They will get an e-mail or SMS or gtalk message, and they would reply simply by replying to that e-mail/SMS/gtalk bot. Your friends don't have to sign up. But as the group creator, you need to add your friends' contact information
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by wwhchung 19y ago
The article's statements on the problems with SOA don't accurately reflect reality. For example, "SOA requires you to do a whole load of up-front design and specification that's very difficult to change after." This is not a problem with