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SRED |
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Federal SRED tax credits, which are non-refundable, are earned on qualified Canadian SRED expenditures and can only be used to offset Federal income taxes otherwise payable. Continued research expenditures for the new generation Hydrogen Generating System investing $329k net of a SRED research tax credit The Company utilized a portion of its carry forward investment tax credits, tax losses and SRED pools in order to minimize any current tax expense. |
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