Question
Company B, a CCPC, incurred the following qualified SRED expenses this year: Labour (before specified employees) $100,000 Materials $200,000 Accounting Overhead (choose PPA method instead
Company B, a CCPC, incurred the following qualified SRED expenses this year:
| Labour (before specified employees) |
| $100,000 |
| Materials |
| $200,000 |
| Accounting Overhead (choose PPA |
| method instead of accounting overhead) |
| $100,000 |
| Last Years Taxable Income |
| $20,000 |
| Last Years Taxable Capital |
| $100,000 |
| One Specified Employee SRED Project |
|
|
| related Labour Cost |
| None, $0 |
| Maximum CPP Insurable |
|
|
| Earnings this |
| year |
| $57,400 |
Required
Please calculate Companys B maximum, if applicable, SRED Refund for this year. (hint: add
Overhead, using the Prescribed Proxy Amount Method (PPA)).
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The Organisation Shadow Side Audit
Authors: W Tate
1st Edition
1902433971, 978-1902433974
