Canada's R&D tax credit program hurts R&D in Canada

Re:Canada's R&D tax credit program hurts R&D in Canada by gamblor956 on Thursday November 05, 2015 @04:59PM (#10516412)

I agree, bhouston. I thought this post was wrong so I sent it to my Canadian counterparts, and they confirmed that the OP definitely misstated how SRED works. Flagged as inaccurate since this article risks spreading woefully incorrect information.

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Re:Canada's R&D tax credit program hurts R&D in Canada by wwhchung on Thursday November 05, 2015 @07:59PM (#10517246)

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 expenditures, but that is NOT what I'm indicating. If your counterparts still claim that this is not the case, they are pretty sh*tty accountants.

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Re:Canada's R&D tax credit program hurts R&D in Canada by gamblor956 on Thursday November 19, 2015 @11:19AM (#10595588)

Yeah, we agree. My statement is that only the portion of executive comp that can be allocable to SRED expenditures can be deducted, which is what you're also saying. The key term is "excessive"--for SRED purposes, executive comp is excessive to the extent it does not relate to SRED expenditures.

But go ahead and call people names on the internet. It makes you seem like a true authority on the matter.

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