During the pandemic, remote work became a necessity. That necessity has become a new reality for many companies whose employees have scattered to the four winds or who are hiring the best talent no matter where they are located!
Many companies are turning to a "remote first" or a hybrid model that allows employees the flexibility they need/want while maintaining productivity.
I applaud these companies and think that they are right to move in this direction but there is one consideration I have found that few have taken into account: SR&ED!
SR&ED can only be claimed for employees while they are within Canada, with very few exceptions. If employers have employees that are working remotely outside Canada, even if they are paid as Canadians and get a T4, employers need to be sure that they calculating their SR&ED credits accordingly.
In Episode 7 of SR&ED From The Shed we discuss the implications of Remote Work and strategies to ensure you claim tour SR&ED correctly. #tax #SRED #SREDshed #techcompanies #SFTS #policy
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