SR&ED Roundtable - Call to Action
November 21, 2006


SR&ED Roundtable - Call to Action 

The CATAAlliance, as part of their SR&ED Advocacy Campaign has recently released research reports and policy recommendations, based on analysis developed through on-line consultations and Roundtable discussions that were carried on throughout the summer on how to improve the SR&ED tax credits:

  • 2006 Consultation Report, Improving Canada's Scientific Research and Experimental Development (SR&ED) Tax Incentive Program
  • Maximizing Canada's Investment in R&D, Opportunities for Improving Canada's SR&ED Tax Credits and Leveraging the Results

We need your feedback (i.e, CEO, CFO, VP Development etc.) to fully understand and develop the recommendations to the issues identified in the Campaign and to also mobilize the community in achieving desired outcomes.

This is your opportunity to provide your opinions and guidance on the reports and recommendations provided to Finance and the CRA, and aim to restructure the legislation so that it works better for your company and other claimants.

CATAAlliance has provided the Minister of Finance with options and recommendations for improvements. Specific topics and themes covered include:

  • Refundability: the availability of the "refundable" tax credits to a business in the form of cash refunds;
  • Scope: the range of activities and costs considered eligible in an SR&ED project;
  • Improving the legislation and policies, and associated administrative practices of the CRA;
  • Interpretive issues related to the complexity of the legislation and associated policies;
  • Technical analysis on what other countries are doing with tax credits for R&D.

Due to Finance Canada's interest and timetable to address the issues, the event is being held with short notice. As discussions will be focused on the policy recommendations made to Finance, upon confirmation of attendance a copy of the two reports will be provided for your review.

Date: December 05, 2006
Time: 7:30am - 9:30am
Location: Brookstreet Hotel - Mulligan Room
525 Legget Drive
Ottawa, ON K2K 2W2
Agenda: 7:30 - Breakfast
8:00 - Introductions & Brief Overview of SR&ED Advocacy Campaign:
Kevin Wennekes, VP Research, and Russ Roberts, Senior Tax Director, CATAAlliance
8:15 - Open Forum Discussions & Feedback on 'Key Recommendations for Maximizing Canada's Investment in R&D'
9:00 - Networking

++ Action Item:
Please confirm your attendance with Jennifer Smart: Tel: (613) 751-5290, E-mail: jesmart@deloitte.ca with your contact information.

This is a joint initiative of CATAAlliance and Deloitte to promote discussion on Canada's SR&ED tax credit program and key issues impacting the Canadian tax system.