The Scientific Research and Experimental Development Program (SRED) provides federal tax credits of over $2.4 billion a year to over 20,000 companies that have performed research and development in Canada. Most provinces also provide SRED tax credits, some of which exceed the federal incentives. In recent years, many changes have been made to the program including rate changes, reduction of contract payments and the elimination of capital expenditures. CRA policies on eligibility, commercial production and current expenditures have also evolved, and most claimants are finding that their benefits have been reduced year over year.
This course offers tax practitioners and SRED managers an in-depth examination of the SRED program in Canada. It offers an opportunity to consider the types of work that are included as eligible SRED, with reference to actual cases that have been considered by CRA and the courts. The allowable and qualified expenditure rules are also covered, with a focus on qualifying for refundable credits for CCPCs. New this year, the course includes an introduction to the major federal grants and incentives which reflect the Canadian government’s increased focus on direct funding for research and development.
At the end of this in-depth course, you will understand current issues related to the SRED program and have practical tools to compile and defend claims. The course notes provide excellent material for reference on the topic.
Framework for R+D incentives in Canada
An overview of the “technology” eligibility criteria including examples
Documentation requirements to support claims
Issues related to eligible costs, investment tax credits and refunds
Tips and traps in claim preparation, filing and defending claims
Updated summary of significant tax court decisions and impact on the program
Case study, including related federal and provincial tax forms
WHO WILL BENEFIT?
This intermediate-advanced course will benefit practitioners with a strong tax background. Experienced SRED managers will benefit from the practical approach to applying the concepts, and the participation in a group of peers.
This is not an introductory course; participants should have a basic understanding of Canadian corporate tax and the workings of the SRED program.
The course has been updated to include the changes to legislation and administrative policies up to July 15, 2018.
Time: 2:30pm - 6:15pm
Passport - ½ Day
CPD Hours - 3.5