[Solved] Mira Glow Ltd. is a Canadian-controlled p

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Posted on Sep 14, 2024

Mira Glow Ltd. is a Canadian-controlled private corporation (CCPC) throughout the 2020 taxation year. For 2019, the company had Taxable Capital Employed in Canada of

$14,000,000.

The corresponding figure for 2020, was

$15,000,000.

What is the annual Scientific Research and Experimental Development (SR&ED) expenditure limit for Mira Glow Ltd. for 2020?

$2,700,000

$1,950,000

$300,000

D. 3,000,000

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