Viewing profile — wwhchung

Would love to have access to anonymized SR&ED claims data. I'll also bet that while 75% of the claimant's are small businesses, they only get It's why I advocate for a lower hard c…

Or, it could have folded and made something else. Or any number of other scenarios. But debating SR&ED being good or bad is too theoretical and everyone can point to examples on al…

Your Canadian counterparts are incorrect, or they must not have read the post clearly. You are in fact able to deduct executive compensation against net income. You CANNOT claim ex…

You are incorrect.

Because it's not illegal as my post points out. It's a flaw in the structure.

Yes, it happens a LOT. I can't point fingers (it's not polite, and I'm Canadian), but it's what prompted me to write the article. And yes, it does matter who owns the IP. If a sale…

Hi there. Claim 1 is not incorrect. I am not stating executive compensation is used to claim SR&ED. I am stating it is used to suppress net profits to qualify for the higher rate. …

Yup. I chose to write about something I could put figures to rather than something that's much more subjective and I don't really have a good alternative for with data to back it u…

Bad unintended consequences was a nice way of phrasing 'it sucks and is draining money away from real R&D/innovation'

I agree that there are many other issues with SR&ED (including the one you mentioned above). I actually point out a few at the bottom of my post. :) I just chose to tackle one that…

Yup. Many more issues, but this is one that isn't subjective and I can provide possible solutions to, so its the first I wrote about. :)

I agree that there are many other issues with SR&ED (including the one you mentioned above). I just chose to tackle one that I could put clear numbers and examples to and viable so…

Agreed there are many other fundamental issues with the program. However I chose to tackle rates first since it has strong examples and solutions. The other issues are more controv…

I'm sorry that you feel that way, but let me clarify that statement a bit. Finding them is difficult, not because people don't want to work here, but Canadians are usually the ones…

Yup, this is true. I updated my posts to reflect this. However once you get above 200k range, AMT starts to kick in and you can't deduct the full amount.

Edit: Your statement that you can deduct income tax is True IF you don't take the standard deduction. Basically in your deduction, you can choose to take the standard $5800 deducti…