Alias tax credits ruling won’t likely affect SR&ED Canadian ownership requirements
News | 06/26/2002 4:00 am EDT
| The lawyer who represented Silicon Graphics Ltd.’s subsidiary graphics company Alias Research Inc. in its bid to be determined a Canadian-owned and -controlled company for the purpose receiving tax credits for two years in the early 90s says a favourable ruling by the Federal Court of Appeal won’t likely have broader implications. The case was argued on very narrow grounds, says Ernst & Young LLP tax lawyer Roger Taylor, and the grey area of tax law surrounding scientific research and experimental development (SR&ED) credits has since been closed.
This content is available to wirereport.ca subscribers Already a subscriber? Sign in here Unlock all the Canadian telecom, broadcasting and digital media news you need.Take a free trial or subscribe to The Wire Report now. FREE TRIALTwo weeks free access to thewirereport.ca and our exlusive newsletters. SUBSCRIBEUnlimited access to thewirereport.ca and our exlusive newsletters. Reuse & PermissionsUnauthorized distribution, transmission, reuse or republication of any and all content is strictly prohibited. To discuss re-use of this material, please contact: Customer Care, 613-688-8821 | subscriptions@hilltimes.com |