This post is a load of shit, serious shit.
Claim 1:
> Promotes excessive executive compensation
You can not claim executive compensation in a SRED claim. If you do it is fraud.
It is an excluded expense see here:
http://www.cra-arc.gc.ca/txcrdt/sred-rsde/clmng/ttlqlfdsrdxp...
Claim 2:
> We’re paying foreign entities to take IP and profits out of Canada. Not a very good use of taxpayer dollars, is it?
Actually that is illegal, see this:
http://www.cra-arc.gc.ca/txcrdt/sred-rsde/clmng/ttlqlfdsrdxp...
Claim 3:
> Removes emphasis on sustainable growth
It isn't meant to be sustainable, it is mean to fund the initial R&D in something that is risky. As you grow, and you slow down R&D, yes it gets smaller -- by design.
This is a really weird post and seems to be spreading FUD.
SRED is not a perfect program, but the main faults outlined in this article are complete wrong.
Claim 1: > Promotes excessive executive compensation
You can not claim executive compensation in a SRED claim. If you do it is fraud.
It is an excluded expense see here:
http://www.cra-arc.gc.ca/txcrdt/sred-rsde/clmng/ttlqlfdsrdxp...
Claim 2: > We’re paying foreign entities to take IP and profits out of Canada. Not a very good use of taxpayer dollars, is it?
Actually that is illegal, see this:
http://www.cra-arc.gc.ca/txcrdt/sred-rsde/clmng/ttlqlfdsrdxp...
Claim 3: > Removes emphasis on sustainable growth
It isn't meant to be sustainable, it is mean to fund the initial R&D in something that is risky. As you grow, and you slow down R&D, yes it gets smaller -- by design.
This is a really weird post and seems to be spreading FUD.
SRED is not a perfect program, but the main faults outlined in this article are complete wrong.