Client has been spending on a new start up, and want to claim all the R&D in his company’s T2 return. The start up has not generated any income though. How do you account for this in the T2 return. Again the start up has not generated any income.
What is the primary business activity of the company? First years non-capital losses are not uncommon.
The primary business is Tech
This is a more sophisticated area of consideration … have you checked to see your client does not have SRED ??