2001 01 24
SR&ED Project Start and End Points
Technical Working Group
Canada Customs and Revenue Agency (CCRA), KPMG High
Technology Practice Group, PTAC and PSAC invite you to attend a Technical Working
Group Session designed to provide background and information on the Federal Government's
Scientific Research and Experimental Development (SR&ED) Program.
Date:
Wednesday, January 24, 2001
Time: 8:30 - 11:00 a.m.
Location: The National Film Board Theatre, Room 167, Harry Hays
Building
220,
4th Avenue 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. This session is the
second in the series of bimonthly meetings of the newly formed CCRA-PSAC 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 a.m. Registration and
Hospitality Breakfast
9:00
a.m. Introduction
and Welcome
9:05 a.m. Presentation
on Traditional and Non-Traditional Definition of an
SR&ED Project
9:35
am. Presentation
and Discussion of Examples
(i)Non-Traditional SR&ED Project
(ii) Drilling and Related Activities Project
10:00 a.m. Coffee break
10:15 a.m. Presentations continue
on Examples of Projects
(iii) Cementing,
(iv) Well Testing,
(v) Tooling Development
10:50 a.m. Closing Remarks
To register or to obtain additional information,
please contact Chris Chiwetelu of CCRA no later than January 19, 2001.
Name:______________________________Title:____________________________
Company:___________________________Email:___________________________
Phone: ___________________________Fax:_____________________________
Mailing address: ______________________________________________________
PTAC makes no representation regarding ownership or quality
of the subject technology.
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