Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
The course is offered in 2 parts:
Part 1 (3.5 hours) covers the preparation of SR&ED claims and how to incorporate these claims into corporation tax returns.
Part 2 (3.5 hours) focuses on current issues including updates to legislation and case law, CRA policies and selected technical issues.
SR&ED Part 1 provides participants with an overview of the characteristics of eligible SR&ED as well as work that is not eligible. Eligibility will be illustrated with examples based on recent case law. The allowable and qualified expenditure rules are also covered, including the impact of government grants and other assistance on the calculation of SR&ED tax credits. Part 1 provides participants with materials necessary for a basic understanding of the program, eligibility criteria to assist in preparation of SR&ED claims and ability to incorporate these claims into corporate tax returns.
SR&ED Part 2 builds on SR&ED Part I and provides participants with more in-depth analysis of selected topics. Participants will gain additional skills required to navigate the SR&ED claim process. The course includes: a summary of leading cases related to eligibility of work, a review of CCPC rules and refundable credits, current issues that impact salaries and wages, a review of contract payment rules, materials and supplies and recapture. Each topic includes a summary of the law, CRA policies and relevant decisions in the courts. Participants will also receive detailed and extensive course materials and resources for further research.
Topics Include:
SR&ED Topics Part 1 |
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SR&ED Topics Part 2 |
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NOTE: This course description has been revised and reflects updates for 2023. If you have any questions, please contact pdevents@cpaontario.ca
Key Takeaways
SR&ED Part 1:
By the end of this course, participants will be able to:
- Identify the characteristics of work that may be eligible for SR&ED tax credits
- Identify the characteristics of work that may be eligible for SR&ED tax credits
- Apply the CCPC rules for refundable credits
- Apply the CCPC rules for refundable credits
- Research basic issues using the CRA website
- Apply this knowledge to file SR&ED claims using prescribed forms
- Prepare for CRA reviews, proposals and appeals
SR&ED Part 2:
By the end of this course, participants will be able to:
- Identify key elements of leading SR&ED decisions in the courts
- Analyze and apply legislation and policies regarding more complex issues including
- SR&ED eligible work
- CCPC status and de facto control
- Salaries or wages and prescribed proxy amount
- Materials, supplies and recapture
- Government assistance and contract payments.
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
Prerequisite Knowledge
Participants taking this seminar should have a basic understanding of corporate taxation and investment tax credits is required, as well as Corporate Tax - SR&ED - Part 1 or equivalent knowledge.
How to Access The Course
To access the course please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.