“The Canada Emergency Wage Subsidy and the 10% Temporary Wage Subsidy for Employers are considered government assistance.
Assistance received under either wage subsidy reduces the amount of expenses eligible for SR&ED investment tax credits”
Many companies see this instruction, see their large CEWS receipts for 2020 vs their relatively small 2020 SRED expenditures, and reduced (or plan to reduce) their SRED salary expenditures to zero. That over-deduction unnecessarily drops your 2020 SRED credits by up to 65%. Or even worse, companies reduce their entire 2020 SRED expenditures to zero. Which of course puts your SRED credits received in 2020 to zero. Don’t do this! Call g6 immediately to help you recover tens to hundreds of thousands of dollars of SRED credits you are entitled to receive!
G6 Consulting has Canada’s first and best tested CEWS-SRED calculator. We’ll fix your 2020 SRED filing. If you haven’t filed your 2020 SRED yet, we’ll ensure that the CEWS deduction it contains is accurate to the dollar. G6 will maximize your 2020 SRED credits AND make you “audit-proof”. Win-Win for you!