Everything You Need to Know About SR&ED

Event Description:

SR&ED continues to be a powerful tool for Canadian companies—and recent updates make it even more accessible. Join me during this workshop as I unpack what’s new and how you can make the most of these incentives. This is a must for businesses looking to innovate and grow!

You'll Learn:

• Introduction to the SR&ED Program: An overview of the Scientific Research and Experimental Development (SR&ED) program, its purpose, and its benefits for companies.
• Strategic Tips and Tricks for SR&ED applications: Providing advice on how firms can prepare and submit successful SR&ED claims, including industry-specific best practices and common pitfalls to avoid.
• Audit Preparation and Defense: Insights on how companies can prepare for potential audits by the Canada Revenue Agency (CRA) and strategies for defending SR&ED claims during an audit.
• Maximizing Benefits from SR&ED and Other Government Support Programs: Discussing the relationship between the SR&ED program and other Government support programs, such as grants, and how businesses can maximize their benefits.
• Enhancements to the SR&ED Program: An update on the significant enhancements and SR&ED program changes announced in the Nov 4 Federal Budget

About the Speaker:

With over 20 years of experience in information technology, professional services and consulting, Naren Balakrishnan provides support in tax incentive advisory and compliance matters, including helping clients in all industries make efficient use of Scientific Research and Experimental Development (SR&ED) tax credit claims. His clients represent a number of industries including bio-technology, engineering, software/IT, electronics, financial services institutions, aerospace and defense and health sciences. Naren’s aim is to make it easier to navigate complex government programs so companies can gain access to the financial incentives they need to achieve their objectives. He is also heavily involved in business development initiatives, developing strategic partnerships with technology associations, helping scaleup ventures get to the next level and working with international companies to enter the Canadian market. Naren is also part of CPA Canada’s SR&ED committee, works as a mentor and partner with numerous tech associations/accelerators/incubators, frequently contributes thought leadership to the SR&ED space, and presents at various professional and community associations on topics related to government funding.

Connect with Naren on LinkedIn!

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