The SR&ED tax incentive program is the single largest federal program supporting business R&D in Canada, providing over $3 billion in tax assistance to Canadian businesses in 2006. The SR&ED program plays, and will continue to play, a leading role in fostering a competitive and dynamic business environment in Canada.
SR&ED Key Benefits:
- A tax credit as high as 35% refundable for qualifying Canadian Controlled Private Corporations – or 20% on qualifying expenditures.
- Immediate deductions for all eligible R&D related labour, material, capital and 65% proxy for overhead costs.
- Additional refundable provincial tax credits for qualifying corporations (10% Ontario, 17.5 – 35% Quebec).
As the pace of business is accelerating and competition increases, you may be more likely to overlook this source of cash due to lack of time, resources or experience needed to identify and manage the SR&ED tax claims.
In light of the many complexities in obtaining full entitlement, we invite you to join us for a presentation and roundtable discussion. This session will focus on the following:
- Recent administrative changes to the program,
- Overview of the eligibility criteria,
- Planning around the credits,
- Best practices for documenting claims,
- Areas of scope that companies often overlook, and
- Results - PwC’s recent SR&ED survey with its clients.
Who Should Attend?
Management, technical and financial personnel responsible for making the SR&ED claims as well as other stakeholders interested in better understanding the program and the recent developments.
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Date: |
November 28, 2007 |
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Time: |
8:00am - Noon |
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Location: |
Holiday Inn Kanata, 2nd floor Ballroom |
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Registration: |
No charge, but please RSVP to sfitzpatrick@ocri.ca |
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8:00 am: Registration and Continental Breakfast
8:30 am: Introduction and presentation
11:30 am: Closing remarks and One-on-One Q&A opportunity |
Speaker Bios
Kent Smith, CA, PricewaterhouseCoopers
Kent Smith is the senior manager responsible for the Ottawa SR&ED practice at PricewaterhouseCoopers. Kent has twelve years of public accounting experience where he has enjoyed a progressive career focusing his practice of tax on the complexities of the SR&ED program. Over his career, Kent has worked for a number of organizations where he developed a deep technical knowledge of the SR&ED legislation as well as extensive experience interfacing with tax authorities and working with companies of all sizes in the preparation of their SR&ED claims. In recent years, Kent has had significant involvement in some of the largest and most complex technology and manufacturing claims filed across the country.
Susan Dyer, PEng, PricewaterhouseCooper LLP
Susan Dyer is the Engineering lead for the Ottawa SR&ED practice. Susan is an electrical engineer with over twenty years of experience in the development of semiconductor devices, electronic intellectual property, software and electronic systems. Susan’s SR&ED experience stems from her work in the semiconductor development sector but also includes over four years of work as an SR&ED consultant with many large claimants in Canada and the UK.
