This schedule allows you to calculate the amount of tax credit available relating to the scientific research & experimental development (SR&ED) expenditures incurred in Alberta before January 1, 2020. It also allows you to allocate the expenditure limit (maximum of $4,000,000) between the associated corporations that claim such credit. The amounts in the schedule are calculated based on the information reported in Schedule 9, Listing of SR&ED Projects Claimed in Alberta (Jump Code: A9 LISTING).
Section “Agreement among associated corporations”
Line 208, SR & ED Maximum expenditure limit
To calculate the maximum expenditure limit allowed on this line, you must choose among all the associated corporations that are claiming a tax credit for scientific research & experimental development (SR&ED) incurred in Alberta before January 1, 2020, the corporation that has the longest taxation year.
The Section “Alberta Schedule 9 - Allocation of the maximum expenditure limit among associated corporations” in Schedule 9, Related and Associated Corporations Workchart (Jump Code: 9 WORKCHART), allows you to allocate the expenditure limit (according to line 208 in Form AT1 Schedule 9) between each of the affected associated corporations that is claiming a tax credit relating to SR&ED incurred in Alberta before January 1, 2020. The amount allocated cannot exceed the maximum expenditure limit of a corporation calculated from its taxation year.
Tip: For more information on the T2 Data Connection, please consult the T2 Data Connection guide, available in the Professional Centre.
See Also
Tax and Revenue Administration Alberta Corporate Tax Act Information Circular SRED-1