Bifalgorithm post · Une erreur comptable peut-elle entraîner un impôt supplémentaire? · CRA updates its SR&ED ITC policy

Expenditure Limits

Expenditure Limits (Une erreur comptable peut-elle entraîner un impôt supplémentaire? · CRA updates its SR&ED ITC policy) — "for taxation years beginning after…

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  • Taxation-year changes beginning after December 15, 2024
  • The maximum expenditure limit is increased to $6M for CCPCs and ECPCs
  • CCPC reduction rules
  • The gradual reduction begins at $15M of taxable capital used in Canada in the previous taxation year
  • The CCPC expenditure limit is reduced to nil after $75M of taxable capital
  • ECPC reduction rules use average annual revenue over the last three fiscal years
  • This revenue-based calculation determines the gradual reduction of the $6M expenditure limit
  • CCPCs may elect to use the revenue-based reduction method
  • The elected method is used instead of the taxable-capital method
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Expenditure Limits

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Une erreur comptable peut-elle entraîner un impôt supplémentaire?

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"for taxation years beginning after December 15, 2024, the maximum expenditure limit has been increased to $6M for CCPCs and ECPCs.\n\nfor CCPCs, the gradual reduction in the $6M limit now begins at $15M of taxable capital used in Canada for the previous taxation year and is reduced to nil after $75M;\n\nfor ECPCs, the average annual revenue over the last three fiscal years is used to calculate the gradual reduction of the $6M expenditure limit; and\n\nCCPCs may also elect to compute their reduction using this revenue-based method rather than their taxable capital."

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