2000 10 04
Leveraging Your R&D With SR&ED Tax Credits
Canada Customs and Revenue Agency (CCRA), KPMG High
Technology Practice Group, PTAC and PSAC invite you to attend an information session
designed to provide background and information on the Federal Government's Scientific
Research and Experimental Development (SR&ED) Program.
Date: Wednesday, October 4,
2000
Time: 8:30 - 11:00 a.m.
Location: PanCanadian Amphitheatre, Rm. 260, Tower Centre,
2nd Level, 131-9th Ave. SE, Calgary
Background
The SR&ED Program has been in place since 1985. It affords Canadian companies an
avenue to write off expenditures incurred on R&D carried out in Canada. In addition,
the Program provides tax credits at the rate of 20 to 35% of eligible expenditures
(depending on the size of the company). Small companies do actually get refund cheques,
while larger companies accumulate credits. These credits can be carried forward for up to
ten years, and can be used to offset income taxes payable. Ample guidelines exist for
claiming SR&ED credits and CCRA will be willing to assist claimants in explaining the
rules and regulations. We encourage you to join us to learn more about the SR&ED
Program which is considered to be the best among the OECD countries for promoting
and leveraging industrial R&D.
Benefits to Participants
This workshop will provide valuable information to oil and gas executives on how to use
the Federal Government's Scientific Research and Experimental Development (SR&ED)
Program to leverage expenditures on R&D carried out in Canada. The session will also
serve as the inaugural meeting of the proposed CCRA SR&ED Technical Working Group of
petroleum services companies that carry out R&D in Canada.
Agenda for the Day's Meeting
8:30 - 9:00 Registration, Continental
Breakfast, Collection of information package
9:00 Brief Introduction
by Dr. Chris Chiwetelu, CCRA
9:05 Address by PSAC
President , Mr. Roger Soucy
9:10 Address by CCRA
SR&ED Director of Industrial Research, Dr. Shailesh
Doshi
9:35 Outline of the SR&ED
Program by Mr.George Lepa, Regional Science
Advisor
10:00 Coffee break
10:15 The Role of Outside Advisors
in the SR&ED Process - Gregory Brennan,
Senior Partner, KPMG
10:30 Survey of Participants on the
Modality for the Proposed Technical Working
Group, Dr. Chris Chiwetelu
10:50 Closing Remarks - Dr. Chris
Chiwetelu, CCRA
To register or to obtain technical information, please
contact Chris Chiwetelu of CCRA via Fax: (403) 691-6625, Phone: (403) 691-6424 Email: Chris.Chiwetelu@ccra-adrc.gc.ca no later
than October 2, 2000.
Name:______________________________Title:____________________________
Company:___________________________Email:___________________________
Phone: ___________________________Fax:_____________________________
Mailing address: ______________________________________________________
PTAC makes no representation regarding ownership or
quality of the subject technology.
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