Pubcos & Foreign-Controlled Companies: How Much Can You Get?
Revenue Services Group specializes in identifying ‘business as usual’ activities that qualify for SR and ED refunds. By specializing in specific industries, our SR and ED experts know what activities in each sector qualify for Canada Revenue Agency’s incentive program. With little time invested in the process by your staff, you receive a significant cash refund or tax credit.
How Much Can You Get?
As a public corporation or foreign-controlled company, you receive a tax credit of up to: 53% of salaries; 32% of outside contractors or consultants costs; and 32% of waste material costs, as well as a percentage of the cost of equipment used in SR & ED.
Making a Loss?
If you are making a loss it may seem that a tax credit is of no value. However, here are three reasons for loss making pubcos to claim SR & ED tax credits:
- If you are planning to be acquired, a tax credit as a tax asset increases the value of your company.
- If you are making a loss but expect to make a profit within five years, an SR & ED tax credit is valuable as it can be carried forward for 20 years.
- Or, if you’ve made a profit in the past and are now are making a loss, an SR & ED tax credit can be valuable because it can be carried back three years. Hence, any taxes paid during this period will be refunded.
What SR&ED Refunds do you Qualify for?
Access an on-line evaluation of your company
Access an on-line evaluation that outlines what activities qualify in your industry and discover how much you’ll receive.
Arrange a complimentary consultation
Invest 30 minutes with a SR and ED tax incentive specialist to find out exactly what you qualify for. Simply click here or contact us to arrange a complimentary consultation.
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ADDITIONAL NET INCOMEFunding & Tax Credits