Proposed Federal Budget 2012 SR&ED Changes
Sep 13, 2012
| 1-Jan-13 | 1-Jan-14 | |
General tax credit rate for Canadian Controlled private corps | 35% | 35% | 35% |
General tax credit rate for other entities | 20% | 20% | 15% |
Tax credit on capital expenditures | 35% | 35% | 0% |
Proxy rate for overhead | 65% | 60% | 55% |
Non-arm’s length subcontractors inclusion | 100% | 80% | 80% |