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OBBB signed: Reinstates immediate expensing for U.S.-based R&D

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367 points tareqak | 1 comments | 05 Jul 25 00:24 UTC | HN request time: 0.23s | source
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ttul ◴[05 Jul 25 04:21 UTC] No.44470047[source]▶
Meanwhile, in Canada, not only can you expense R&D, but there is a cashable tax refund that will give you back about 60% of your developers’ salaries…
replies(6): >>44470397 #>>44470416 #>>44470432 #>>44470472 #>>44471396 #>>44472330 #
1. llm_nerd ◴[05 Jul 25 12:27 UTC] No.44472330[source]▶
It's 35% of eligible spend on up to $3 million, and 15% above that (15% and 15% if the corporation is not Canadian). Further, most software development simply doesn't qualify-

https://www.canada.ca/en/revenue-agency/services/scientific-...

If you're making websites or doing Shopify integrations, etc, that doesn't actually qualify.

Something truly novel in AI or self driving or whatever -- sure.