Basics 101 and Best Practices on SR&ED
Event Information
Description
Part 1: SR&ED Basics 101 Learn about Incentives- (10:45AM-11:45AM)
The session will be a high-level introduction to Government Incentives and the SR&ED program in particular. In this session we will cover
- Government Incentives Landscape – who funds what.
- Considerations when sourcing funding – similarities and differences between programs and how they interact.
- SR&ED:
Program Overview
What qualifies?
-What makes an R&D project SR&ED?
-What portions of teh scope of your R&D project
-Qualifying Expenditure types
Key Consideratons
-Describing the SR&ED project- not the same as your R&D project
-Supporting your claim
Part 2: SR&ED Program Overview- (11:45AM-12:45PM)
The SR&ED program is the largest source of federal financial support for R&D in Canada with approximately 21,000 claims filed annually. While the program has been in existence for many years, there are some areas that remain challenging. Following a brief overview for those less familiar with the SR&ED program, the session will focus on the eligibility of projects, work within those projects, and the information CRA needs to evaluate eligibility. Some of the key topics:
- o SR&ED Program overview
- o R&D versus SR&ED: When are they the same? When are they different?
- o What portions of your R&D project is SR&ED
- o Supporting your claim
- o Describing your SR&ED project – It’s not necessarily the same as your R&D project:
- Technological Uncertainties
- Work Done
- Technological Advancements
Greg is Senior Manager with Grant Thornton LLP and the leader of our Atlantic R&D and Government Incentives practice. A Mechanical Engineer, Greg worked in manufacturing for 12 years in areas such as design, project management, product development and process improvement. For the last 10 years, he’s been working in the area of incentives helping clients identify funding opportunities, strategically plan project funding, and submit and support claims.
His Scientific Research and Experimental Development (SR&ED) experience includes assisting clients in a range of industries such as engineering, manufacturing, fabrication, IT, biotechnology and others, in preparing claims, developing documentation and claim preparation processes, and navigating CRA reviews of their claims. Additionally he’s delivered numerous industry presentations on SR&ED and CPA Continuing Education SR&ED training sessions.
Cancelation Policy:
Tickets are non-refundable and non-transferable.
