Transcript Slide 1

SR&ED
Is a financial assistance for companies that uncover new technological knowledge
SR&ED stands for scientific research and experimental development
Companies Eligible
Canadian companies receive a cheque that is equal to the sum of:
1. 68% of the qualifying salaries
2. 41% of the contract expenditures
Help Received
Public and non-Canadian companies receive investment tax credits which are useful to pay income tax
Typically amounts range from 20,000$ to 500,000$
Non-eligible activities
Marketing, sales, advertising
Financing, business plan preparation
System integration following directions from supplier
Eligible Activities
Knowledge received through experimental development
Knowledge not attainable through common places such as internet, books or manuals
Science Experts
Advices on eligibility of the project completed in the tax year
Science Experts
Prepares technical description of the work accomplished
Science Experts
Prepares additionally required documentation
Science Experts
Amends the tax return to incorporate the proposed changes
Science Experts
Keeps track of your claim till your cheque is in the mail