Advanced Seminars

Protecting and Maximizing your SR&ED money

Up to 39% of your R&D Tax Credits might be cut because of the new CRA position on R&D subcontractors' work

Global R&D Consulting Group Inc. invites you to a breakfast seminar to learn how to secure your SR&ED claim.

The SR&ED program offers significant tax benefits and cash refunds to an ever increasing number of Canadian businesses. After almost 20 years of growth, now the SR&ED program is renowned as the most generous one in the Western world and its total payout has become a concern for the Canadian Government.

Over the last years, the Canada Revenue Agency (“CRA”) has quietly introduced many claims processing techniques and policies to mitigate the overall cost to the SR&ED program.

In February 2008, the Department of Finance presented some modifications to the SR&ED program which could significantly change your SR&ED Tax Credits claim. In this seminar we will propose to you a mixture of SR&ED planning techniques to better understand and alleviate the impact of this new “CRA” application policy. This new application policy can limit your ability to use the Proxy Method and reduce your SR&ED Tax Credit up to 39%.

You will learn:


  • How the CRA is restricting eligibility of R&D subcontracts work (Arm’s Length SR&ED Contracts) by using the SR&ED definition presented in Section 248(1) of the Income Tax Act.

  • What type of SR&ED Contracts are you claiming? (Assessing your risk)

    • SR&ED Contracts to perform experimental work on your behalf
    • SR&ED Contracts for support activities done by qualified sub-contractors
    • SR&ED Contracts for support activities done by non-qualified sub-contractors
    • Payments to Specialized Placement Agencies for SR&ED

  • Dealing with the new filing requirements:

    • The Statement-of-Work
    • The SR&ED Contract
    • Other requirements (180 days payment, the IP issue and possible disclaimers, etc.)

  • Saving your Proxy Method, an option?

    • Buying Services vs Goods
    • Segregating your SR&ED Contracts into a related legal entity

  • How to calculate your SR&ED Overhead Expenses with the Traditional Method

    • Accepted methods before the Proxy Amount was introduced in 1996.
    • Type of R&D Overhead Expenses to include in your SRED
    • Various methods for allocating your R&D Overhead Expenses (Total direct R&D expenses ratio, Square Footage ratio, Senior Management contribution in the R&D process, etc.)

Included in the registration is a full documentation package and, at your request, a one-hour free consultation with Global R&D, to discuss any aspect of your SR&ED claim.

Who should attend?

  • Product Development Manager
  • R & D Director
  • VP Operations
  • CFO
  • VP Finance
  • Controller
  • Plant Manager

DATE AND LOCATION OF THE BREAKFAST SEMINAR

Burlington/Oakville Region

Holiday Inn Select
2525 Wyecroft Rd.
OAKVILLE, ON
(905) 847-1000

T.B.A.
7:30 am ~ 9:30 am

7:30 - 8:00 Registration & Continental Breakfast
8:00 - 8:10 Welcome - Introductions
8:10 - 9:00 Protecting and maximizing your SR&ED claim
9:10 - 9:30 Questions

With offices in Mississauga and Laval, Global R&D has been assisting companies with their SR&ED claims since 1989. We review and file hundreds of claims every year, for a wide range of companies across Canada.

REGISTRATION

Registration fee: $45 + GST

Our secure on-line transaction service for this event is provided by Karelo Online Registration.

Cancellation: Cancellation notice must be received 48 hours in advance in order to receive a full refund.

Notify the contact person below for phone registration or cancellations.

Vivianne Lewis - Tel: (866) 770-5577 Fax: (450) 688-9733 E-mail: vivianne@globalr-d.com

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