Corporate Tax – SR&ED and Other Innovation Tax Credits - Part 2

Note: The Live Virtual course is presented in collaboration with CPABC. The content is applicable to all participants. If you have questions regarding this course, please contact pdregistration@cpaalberta.ca.

Overview: 

SR&ED Part 2 builds on SR&ED Part 1 and presents more advanced content on specific aspects of this tax credit program. This updated course provides you with additional information and skills required to navigate the SR&ED claim process.

SR&ED Part 2 provides a more in-depth review of SR&ED case law, tax legislation and CRA policies. You are provided information and skills required to navigate the SR&ED claim process including: who is eligible for refundable credits, how the courts interpret eligible work, qualified expenditures, government assistance and contract payments. Part 2 also covers eligible salaries and wages, cost of materials and ITC recapture. 

Course Content:

In this course, you will gain knowledge about the following topics:

• Update on SR&ED legislation and current cases
• Review of CCPC status and de facto control
• Eligible SR&ED Salaries or wages and the prescribed proxy amount for overhead expenses
• Government assistance and contract payments
• SR&ED materials, supplies and ITC recapture

Learning Objectives: 

Upon completing this course, you should be able to:

• Analyze and apply complex SR&ED issues including eligibility of work, interpretation of CCPC status, calculation of eligible salaries or wages and the prescribed proxy amount, cost of materials, supplies and ITC recapture, government assistance including loans, grants and tax credits, and contract payments
• Consider and apply current issues impacting SR&ED claims including developments in case law and CRA assessing policies

Who Will Benefit:

• CPAs in public practice or industry seeking to understand the benefits, approaches and common pitfalls associated with SR&ED claims
• CPAs with experience in SR&ED seeking to update their knowledge of SR&ED legislation, policies, audits and appeals