The Canadian SR&ED Tax Incentives Handbook, 2nd Edition - AnswerConnect

The Canadian SR&ED Tax Incentives Handbookshows you how to take full advantage of one of the most generous R&D tax incentive programs in the world.

Every year, the Canadian government awards up to $4 billion in cash refunds and tax credits for Scientific Research and Experimental Development (SR&ED).The Canadian SR&ED Tax Incentives Handbook provides accountants, tax experts, lawyers, scientists and technologists with practical tools that assist in the management of SR&ED programs in order to realize the greatest tax advantage. Author Lucie Bélanger, of the accounting firm PricewaterhouseCoopers, provides comprehensive commentary on all matters,including:

• Eligibility of activities and expenditures for the SR&ED program
• How to identify SR&ED activities in commercial projects
• Management and documentation of SR&ED projects
• The review of SR&ED contracts by tax authorities
• New CRA administrative policies
• Recent changes to the Income Tax Act

The Canadian SR&ED Tax Incentives Handbookincludes practical examples, summaries of recent court decisions, keys to identifying SR&ED activities, and case studies by sector. Although comprehensive in its coverage and references, it offers practical strategies and tactics covering the most common SR&ED issues. Written by practitioners for practitioners, this essential guide provides the answers you need to ensure SR&ED planning is accurate,complete, efficient and by the rules.

Topics include:

• Eligible SR&ED activities as defined in the law
• Excluded activities
• Common practice
• Tribunals and the concept of SR&ED
• The CRA's interpretation of the concept of experimental development
• Issues with respect to the eligibility of the activities
• SR&ED projects and business projects
• Fundamental and applied research
• Industrial research
• Experimental development projects within business projects
• Research and development of products and processes
• Strategic development of products and processes
• Innovation and business strategy
• Introduction of new technologies and development of products and processes
• Purchases of technology, know-how or SR&ED results
• Purchase, development and improvement of production equipment
• Projects involving industrial control and automation
• Moulds and tools
• Eligible experimentation activities and trial runs
• Software development
• Documentation of SR&ED activities
• Tax treatment of eligible expenditures and the investment tax credit
• Making an SR&ED credit claim

About the Author

Lucie Bélanger, LL.B., M.Fisc., is a partner in the Tax Services practice at PricewaterhouseCoopers, where she leads the SR&ED team of scientific and tax specialists to assist a variety of emerging and established businesses in claims for federal and provincial SR&ED credits. Lucie has more than 20 years of experience presenting and defending SR&ED tax credit claims with tax authorities. She provides consultation, research and planning services for businesses of various sizes with respect to SR&ED tax credits and tax credits promoting new economic development in Canada.

About PricewaterhouseCoopers

In 153 countries, PwC provides industry-focused assurance, advisory and tax services for public, private and government clients in the areas of corporate accountability; risk management; structuring and mergers and acquisitions; and performance and process improvement.