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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.

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