A Practical Guide to SR&ED in 2011 - CCH Canadian

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SR&ED Program Benefits• Canada’s SR&ED program offers taxpayers deductions and credits• Available to taxpayers that−−−−Carry on business in CanadaPerform eligible SR&ED in Canada that is related to thatbusinessMake qualifying SR&ED expendituresandFile claim on prescribed forms within the 18 month filingdeadlines
SR&ED Program Benefits• Deductions for SR&ED Expenditures» S. 37(1) SR&ED Expenditure Pool» 100% deductible in any year to reduce taxable income» Indefinite carry‐forward for balance of pool• Investment Tax Credits (ITC) for qualified expenditures» Federal: 20% or 35%» Provincial: 4.5% to 37.5% depending upon the Province» Most provincial ITCs are government assistance that reduce theFederal qualified expenditures (QE)• Refundable ITCs for certain CCPCs» Expenditure limit based on prior year Taxable Income and prioryear Taxable Capital Employed in Canada for associated group ofcompanies
Page 1 and 2: A Practical Guide to SR&ED in 2011-
Page 3 and 4: Presenter -Albert de LucaAlbert is
Page 5 and 6: Presenter -Joanne HauschJoanne is a
Page 7 and 8: SR&ED Program BackgroundSize of the
Page 9: SR&ED Program BenefitsSR&ED drives
Page 13 and 14: SR&ED Program Benefits• Refundabl
Page 15 and 16: SR&ED Program Benefits• Qualified
Page 17 and 18: SR&ED Expenditure LimitTaxable Inco
Page 19 and 20: SR&ED Expenditure LimitFederal Expe
Page 21 and 22: Eligible ActivitiesWhat is scientif
Page 23 and 24: Eligible ActivitiesSR&ED Does NOT I
Page 25 and 26: Eligible Activities• What disting
Page 27 and 28: SR&ED Expenditures• Expenditures
Page 29 and 30: SR&ED Expenditures• There are 2 m
Page 31 and 32: SR&ED Qualified Expenditures• Qua
Page 33 and 34: SR&ED Qualified Expenditures• Pre
Page 35 and 36: Provincial Update• British Columb
Page 37 and 38: Provincial Update• Saskatchewan
Page 39 and 40: Provincial Update• Ontario• Inn
Page 41 and 42: Provincial Update• Quebec- Basic
Page 43 and 44: Provincial UpdateOther Jurisdiction
Page 45 and 46: Revised T661 FormPrior to 2009• N
Page 47 and 48: Revised T661 FormImpact of changes:
Page 53 and 54: Revised T661 FormStandardManufactur
Page 55 and 56: Recent DevelopmentsConsolidation of
Page 57 and 58: Recent Developments• On October 1
Page 59 and 60: Recent Developments• The challeng
Page 61 and 62:
Questions?Please visitwww.cch.ca/Ex
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A Practical Guide to SR&ED in 2011 - CCH Canadian

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