Once you determine a project that qualifies for SR&ED investment tax credit, you can claim the following expenditure associated with the project:
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- SR&ED salary or wages
- Expenditure for materials for SR&ED
- Contract expenditure for SR&ED
- SR&ED lease expenditure
- SR&ED overhead and other expenditures (traditional method only)
- Third-party payments
- SR&ED capital expenditure
To calculate your SR&ED expenditure, you have to choose between the traditional method and proxy method.