A Practical Guide to SR&ED in 2011 - CCH Canadian
A Practical Guide to SR&ED in 2011 - CCH Canadian
A Practical Guide to SR&ED in 2011 - CCH Canadian
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SR&<strong>ED</strong> Expenditures• There are 2 methods of calculat<strong>in</strong>g SR&<strong>ED</strong> expenditures:• Proxy: “directly engaged” salaries and wages, materials, contractpayments, lease costs, no overheads• Traditional: “directly attributable” costs <strong>in</strong>clud<strong>in</strong>g salaries and wages,materials, contract payments, lease costs and other overheads and<strong>in</strong>cremental amounts• Elect each year <strong>to</strong> use proxy or traditional– Election is irrevocable, cannot be amended– Determ<strong>in</strong>es calculation of pool and calculation of QualifiedExpenditures
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