To get cash refund, instead of income tax credit,
you must be:
1. A canadian controlled private company, neither
individual
nor foreign controlled private
company.
2. Your net income less then $200,000.00 CAD annually.
To get 45% refund instead of 30%, you must be:
1. A canadian controlled private company, neither
individual
nor foreign controlled private
company.
2. Your net income less then $200,000.00 CAD annually.
If using proxy method, maximum salary refund is 65%.
However,
if you own the 10% or more of the company, maximum
refund for
salary of yourself is 75%x65% =48.75%
Photos of the seminar: www.pbase.com/tuaav
Web link to SR&ED: www.ccra-adrc.gc.ca/sred
We sincerely appreciate Dr. Thomas Hu, Ms. Andrea Wang
and Ms.
Eileena Chiu of SR&ED, Vancouver Tax Service
Office. They worked
overtime to provide us such informative presentation.
We greatly appreciate Ms. Lilian To, CEO of
S.U.C.C.E.S.S. and
Mr. Ronald Ma, director of employment services of
S.U.C.C.E.S.S.
They sacrifice their weekend and provide free seminar
room to
support our seminar.
