What is a “Tax Matters – Tax Credits for R&D or Research or SRED or SR&ED” clause?..
This British Columbia clause outlines the business's commitment to securing relevant tax credits for participating investors depending on the jurisdiction and whether or not the business qualifies. An example of this clause (specific to British Columbia) is: The Corporation is an Eligible Business Corporation ("EBC") under the terms of the British Columbia "Small Business Venture Capital Act" ("SBVCA") and will apply for a 30% tax investment credit for BC-based investors for investment made up to March 1, 2018. Note that a SAFE may be eligible for certain provincial tax credits, but this is an emerging area and in each case investors and company will need to investigate this with relevant provincial authorities.
Blogs related to this clause:
Can emails be considered confidential information, and therefore can come under the obligation to return or destroy?
June 1 2017
COURT ORDERS DELETION OF CONFIDENTIAL EMAILS Pakage Apparel Inc [...]
September 3 2015
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