News & Tax Tips
Scientific Research & Experimental Development (SR&ED)
Certain CCPC's qualify for the enhanced SR&ED tax credit rate of 35% available on up to $3 million of qualifying expenditures. This limit is phased out when the prior year's taxable income is between $500,000 and $800,000, or if the taxable capital employed in Canada is between $10 and $50 million. The new 2019 Federal budget repeals the use of taxable income as a factor in determining the SR&ED expenditure limit for tax year that end after March 18, 2019.
A new temporary enhanced first-year capital cost allowance (CCA) rate of 100% for vehicles purchased after March 18, 2019 was proposed in the 2019 Federal budget.
Calgary Accountant, Tax and SR&ED
g9 Consulting provides exceptional professional accounting, tax and bookkeeping services to companies in Calgary and Edmonton, Alberta. Our team of Professional Chartered Accountants prepare Financial Statements, Corporate Tax Returns, GST Returns and SR&ED (Scientific Research & Experimental Development) investment tax credit claims.
g9 Consulting successfully assists private companies ranging from tech start ups to small, medium and large corporations.
Who we provide services to. . .
Medical Professionals, Engineers, Instrumentation and Automation Technicians, Real Estate Developers, Investment Corporations, Transportation and Logistics Providers, Software Developers, Education Providers, Equine Supply Retailers, Interior Decorating and Staging Specialists, Marketing Professionals, Massage Therapists, Yoga Studios, First Aid Equipment Suppliers, Crude on Rail shippers, Water Treatment Services and Construction Companies.
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