Corporate Tax: SRED

Corporate Tax: SRED
Distance Learning (DL) courses are sessions that have been recorded from live, in-person offerings and made available as on-demand videos online, along with any corresponding course materials. Note these are purely self-study products and there will be no access to instructors for questions and answers. Each title qualifies for verifiable CPD hours upon successful completion of a quiz at the end of the session. Unlimited quiz attempts are available until the passing grade of 70% or better is achieved. After this, you will no longer have access to the quiz.




NOTE: Course login details are normally sent to registrants within one week from date of registration.

DL21220111

Recorded: September 2021 

Because the video recordings are taken from live seminars, the information presented is up-to-date at the time of recording. While we make an effort to keep our inventory updated and seasonally remove outdated titles, changes in accounting, tax and other acts and legislations can happen at any time. It is up to the purchaser to take note of the recording date, and to determine for themselves whether the recorded video is still relevant to their needs. 

The Covid-19 pandemic has brought new challenges to businesses, as well as a tremendous influx of government stimulus payments.  The resulting focus on both innovation and subsidy programs has created renewed interest in the SR&ED program. 

Part 1 of the course will provide participants with an overview of the types of work that are included as eligible SR&ED as well as work that is not eligible.  Eligibility will be illustrated with examples based on recent case law.  The allowable and qualified expenditure rules are also covered, including the impact of government grants and stimulus payments on the calculation of SR&ED tax credits. 

Part 1 provides participants with materials necessary for a basic understanding of the program and eligibility criteria to assist in preparation of SR&ED claims and to incorporate these claims into corporate tax returns.

Part 2 of the course provides an update of CRA policies and relevant case law, as well as more in-depth discussion of selected topics including partnerships, non-arms length transactions, adjustments to qualified expenditures, CRA audits, assessments and appeals.

LEARNING OBJECTIVES
By the end of Part 1 of this course, participants will be able to:

  • Understand the characteristics of work that may be eligible for SR&ED tax credits.
  • Determine whether a company is entitled to claim refundable credits.
  • Research basic issues using the CRA website.
  • Apply this knowledge to file a claim using prescribed forms.

    At the end of Part 2, participants will be able to:

  • Analyze and apply legislation and policies regarding more complex issues including partnerships, trusts and non-resident corporations, salaries or wages and prescribed proxy amount, materials, supplies and recapture and Government assistance and contract payments.
  • Understand and apply current issues impacting SR&ED claims including developments in case law and CRA assessing policies.

CONTENT
Topics covered in this course include:

Part 1

  • who can claim SR&ED tax credits
  • step by step approach to claiming SR&ED tax credits
  • what factors help you determine whether work is eligible for SR&ED tax credits
  • what types of expenditures qualify for SR&ED tax credits
  • impact of government stimulus payments on SR&ED claims
  • what are the tax credit rates for different types of corporations
  • brief introduction to provincial tax credits
  • overview of SR&ED filing requirements

    Part 2

  • update on legislation and current cases
  • partnerships, trusts and non-resident corporations
  • salaries or wages and prescribed proxy amount
  • materials, supplies and recapture
  • government assistance and contract payments
  • CRA audits, assessment and appeals

WHO WILL BENEFIT

  • CPAs in public practice or industry seeking to understand the benefits, approaches and common pitfalls associated with SR&ED claims.
  • CPAs with experience in SR&ED seeking to update their knowledge of SR&ED legislation, policies, audits and appeals.

CPD-7 Hours(1 hour Ethics)
When
4/1/2022 - 3/31/2023 11:59 PM
Where
On-demand