#SRED From The Shed: Episode 2 – Government Assistance
#Grants from organizations like #IRAP, #OCE, #Mitacs, and a plethora of others are considered government assistance. How does Government Assistance impact your SR&ED? “The pool of deductible SR&ED expenditures is reduced by any amounts of government assistance.” Many companies know this.
Got Covid-19 support or other government assistance? GREAT! But please please determine its implications on your next SRED claim NOW and plan your budget accordingly! We all had enough surprises in 2020… you don’t need tax surprises in 2021!
Reposted from Bryan Watson‘s LinkedIn @: https://www.linkedin.com/posts/epenterprises_covid19-grants-subsidies-activity-6712395701160075264-u2Sw