As we reported earlier, Canada’s Scientific Research & Experimental Development (SR&ED) tax program provides tax credits, sometimes in the form of cash, for research and development projects to help keep Canada at the forefront of scientific and technical advancements. To qualify, companies must meet strict documentation and employee time tracking requirements set forth by the Canada Revenue Agency (CRA).
The strict documentation requirements sometimes dissuade companies from participating in the program, lest the CRA deny claims due to poor or inadequate documentation. Consequently, many eligible companies lose out on substantial R&D tax credits every year. How can companies claim those tax credits and what do they need to do?
On Wednesday, October 22, 2014, Replicon & Boast Capital will host a seminar to help companies learn about SR&ED tax credit program requirements, what projects are eligible, and how Replicon’s leading cloud-based time tracking solution can reduce the burden of compliance and improve your ability to justify claims under this program.
Participants will learn how to automate and easily track labor time and costs associated with projects eligible for SR&ED and substantiate SR&ED tax credit claims to CRA reviewers with detailed documentation and reporting. SMART Technologies Senior Tax Analyst James Barnett and Replicon CFO Peter Kinash will share how companies implemented the tools and methods used by successful claimants to earn valuable tax credits in the process.
Register by October 20 to reserve your spot. See you there!