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Are you a co-founder who is technical?
Are you involved in the technical development efforts?
Whether you are coding hands-on or supervising, and reviewing work done
Your time spent could be eligible for SR&ED.
<aside> 🔥
Don’t pay yourself in dividends - you cannot claim it.
Draw a salary instead.
</aside>
Make strategic hiring decisions.
For staff that will engage in SR&ED eligible work, hire local.
i.e., hire Canadian tax residents
Anyone else will not be eligible
Use SR&ED to offset their potentially higher salaries
Draw from remote candidates or contractors for other non-SR&ED eligible areas like
<aside> 🔥
For SR&ED eligible work, hire Canadian tax residents or Canadian corps (sub-contracts)
</aside>
Assume Alice works at your business and does SR&ED eligible research.
Alice is a contractor in Ontario whom you pay $\$100K$.