Monday, 17 July 2017

Blowing the Provincial SRED Claim



Sometimes a company will have project work done in another province than the one in which it is situated. If that is your company, make sure that any SRED claim is filed for the province in which the work was done. For example, a Calgary company that claims SRED work that was done for them by a Kelowna contractor, must file a BC claim form for that work. The Alberta form doesn’t cut it.

Filing the wrong form is not a serious problem if the error is noticed and corrected before the filing deadline, but often a claim is filed close to the 18 month deadline and by the time someone tells the applicant that the provincial credit is not being paid out because the work was not done in the province for which the claim was made, it is past the deadline --- too late to make an effective provincial claim.

No comments :

Post a Comment