The expression “qualified BC expenditures” includes the share of the qualified expenditures incurred after February 20, 2007, by a partnership that is allocated to a member of such a partnership. It is the corporation’s share with respect to SR&ED qualified BC expenditures incurred after February 20, 2007, and whose partnership’s tax year end is ending in the corporation’s tax year.
The period covered for expenditures eligible for the credit that should have ended on September 1, 2022, has been extended to September 1, 2027.
See Also
T2 Corporation - Income Tax Guide
British Columbia Scientific Research and Experimental Development Tax Credit