Do we need to submit all contractor agreements or T4s for employees?
For specified and non-specified products we will often request to see payroll reports, T4s, invoices and contractor agreements to help determine if the labour included in the claim is directly attributable to the development of the product and to verify that the applicant corporation has met the 80/25 rule for the product. To expedite review of the 80/25 rule applicants should submit copies of T4s for the top five highest paid individuals claimed under wages and salaries to develop each product, as well as contractor agreements for the top five highest paid individuals, personal corporations or sole proprietorships claimed under remuneration for the development of each product. If no agreement exists, copies of invoices can be provided. Use the OIDMTC Expenditure template available on Ontario Creates website entitled Specified and Non-Specified Expenditures Breakdown and include job descriptions where indicated.
Contractor agreements that relate to marketing and distribution expenditures are generally not necessary, however, in certain circumstances they may be requested by a Business Officer.