The Great Real Estate Cool-Down of 2022 in Canada
It's no secret that the Canadian real estate market has been cooling down as of late. Prices in major city centres like Toronto and Vancouver have been falling for months, and there's no end in sight.
Many experts are predicting that the market will continue to decline for the foreseeable future. While this may be bad news for sellers, it's actually good news for buyers who have been priced out of the market for years.
Why should you read The Z-Book?
This book is designed to give an overview of the SR&ED Program of the Canadian Tax Credits & Refunds System to the busy executive and the business owner/manager. In order to keep the Canadian businesses competitive in the present global market, the Canadian government offers one of the most generous incentives to Canadian businesses to encourage them to engage in scientific research and experimental development (SR&ED). It is also available to foreign corporations conducting SR&ED in Canada. It is estimated that only a very small fraction of those eligible actually apply for this credit. It is also estimated that in the last fiscal year tax credits running into billions of dollars were approved, including refunds to eligible businesses. There is no upper limit set by the Government as to the amount of tax credits it is willing to give to eligible businesses with regard to SR&ED.
*Note: This book was released in 2011 and laws change over time. Seek professional advice.
