Changes to the SR&ED program means that companies can no longer claim the cost of capital equipment. This is a challenge the whole industry is facing.
SR&ED has a specific exclusion for prospecting, exploring or drilling for, or producing, minerals, petroleum, or natural gas. This is because of other related tax credits. Any work that is in support of core SR&ED activities, however, should always be part of your SR&ED claim.
Chemical Consultant, Lizmar
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