2001 05 02
The Three Eligibility Criteria for SR&ED

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, May 2, 2001 
Time:       8:30 am- 11:00 am
Location: The National Film Board Theatre, Rm. 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% - 35% of eligible expenditures (depending on the size of the company). Small companies 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 third 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. Participants from other associations within the oil and gas industry are also encouraged to attend.

Agenda for the Day's Meeting
8:30 am - 9:00 am Registration and Hospitality Breakfast
9:00 am - 9:05 am Introduction and Welcome
9:05 am - 9:49 am  Presentation on the Three Eligibility Criteria for SR&ED
9:40 am - 9:45 am  General Discussion and Question Period
9:45 am - 10:00 am  Coffee break
10:00 am  - 10:05 am  Background Information on the Case Study
10:10 am - 10:40 am  Case Study by three breakout groups 
10:40 am - 10:55 am  Presentation of Case Study Results by the Breakout Groups
10:55 am - 11:00 am  Brief overview of the Case Study/Closing Remarks

PTAC makes no representation regarding ownership or quality of the subject technology.