Scientific research and experimental development tax credits

General objective

This practical course will provide the information you need to advise your clients or your company and to guide them through the documentation and claim process as well as CRA reviews. The course provides detailed information about the legislative changes, the potential impact on claims, and planning to ensure that maximum benefits are achieved.

Context

The Scientific Research and Experimental Development Program (SR&ED) provides federal tax credits of over $3 billion a year to companies researching in the field of science and technology. Most provinces also provide SR&ED tax credits. The SR&ED program is administered by the Canada Revenue Agency (CRA) and requires a collaborative process between technology researchers, to define and document relevant activities, and financial/tax personnel, to claim the appropriate costs for credits. This course provides detailed information about the legislative changes and the potential impact on claims, practical examples and planning tips to ensure that maximum benefits are achieved.

Objectives

At the end of this course, you will have a good grasp on the SR&ED program and recent updates including both the financial and technical documentation required to compile and defend an eligible claim.

Topics

  • Overview of the “technology” eligibility criteria including examples
  • Introduction to documentation requirements to support claims
  • Discussions of the eligible costs and calculation of investment tax credits
  • Tips and traps in claim preparation
  • Updated summary of significant tax court decisions
  • Case study, including completion of all related federal and provincial tax forms

Course format

The course uses a case study format to work through preparation of a claim.

Method of dissemination

In-class training

Target audience

This course will benefit accountants in public practice or industry (all levels), R&D project managers and researchers in a field of science or technology.

Full description


No classroom training found.

No distance learning activity found.

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