Tax Credit
Scientific Research and Experimental Development Tax Credit
The scientific research and experimental development (SR&ED) tax credit is for qualifying corporations that carry on SR&ED in BC before September 1, 2017. Budget 2017 Update proposes to extend the program to include SR&ED in BC carried on before September 1, 2022.
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Description
The scientific research and experimental development (SR&ED) tax credit is for qualifying corporations that carry on SR&ED in BC before September 1, 2017. Budget 2017 Update proposes to extend the program to include SR&ED in BC carried on before September 1, 2022.
- The SR&ED tax credit has been extended to allow active members of partnerships to claim their proportionate share of the partnership's SR&ED carried on in British Columbia, for qualified expenditures incurred after February 20, 2007.