G6 SRED tax credit Presentation

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Short SR&ED overview presentation.

Targeted to small business owners.

Delivered by Greg Hills, G6 Consulting Inc., at a small business seminar June 23 2009 in Toronto.

Published in: Business, Technology
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G6 SRED tax credit Presentation

  1. 1. SR&ED Overview Canada’s Largest Tax Credit Program G6 Consulting Inc. Canada’s R&D Tax Credits Experts
  2. 2. Tax Credit Programs in Perspective Lotto 6/49? RESP? SR&ED “Scientific Research and Experimental Development” ?! G6 Consulting Inc. Canada’s R&D Tax Credits Experts
  3. 3. SR&ED Key Facts Funds Technical Innovation in Canadian Industry 17,000 companies split $4 billion Specifically targeted at small business  Higher credit rates  Fully refundable credit rates G6 Consulting Inc. Canada’s R&D Tax Credits Experts
  4. 4. RESP vs SRED  Clear Winner: SRED! RESP SRED $750 Million in Credits  $4 Billion in Credits 20% credit rate  68% credit rate Money locked in for  Cheques to you in several years 120-240 days Your kids spend the  You spend the money money G6 Consulting Inc. Canada’s R&D Tax Credits Experts
  5. 5. SRED misconceptions “So and so” told me I don’t qualify  Some SRED firms have a claim threshold – they want to write up claims only over $XX,000  Some SRED firms have a documentation or industry bias  Your work mix changes over time  You may have received poor or lazy advice Tip: Get an informed second opinion from G6 G6 Consulting Inc. Canada’s R&D Tax Credits Experts
  6. 6. SRED misconceptions All my work is routine  5% claimable work (95% routine) equals a $35,000 Government of Canada cheque for a $1 million payroll company – every year! I don’t have an R&D department – I can’t claim  Gov’t statistics show that +90% of approved claims are for ED – on-the-job and in-factory work SRED is for large companies only  2012 fed budget INCREASED preferential treatment for small/medium companies (CCPC’s) to claim G6 Consulting Inc. Canada’s R&D Tax Credits Experts
  7. 7. Who Might Qualify? You don’t need engineers, scientists or white lab coats Improving processes and improving products qualify Green programs, productivity programs, energy efficiency programs qualify Coping with new government regulation can qualify G6 Consulting Inc. Canada’s R&D Tax Credits Experts
  8. 8. Think you Might Qualify? Call G6 Consulting 45 minute technical walk-through and interview Claim Validation and Estimate on-the- spot We’re 100% success based: We don’t get paid until you have your money G6 Consulting Inc. Canada’s R&D Tax Credits Experts
  9. 9. Questions? G6 Consulting Inc. Canada’s R&D Tax Credits Experts
  10. 10. Call Us!Greg Hills ghills@g6consulting.ca (416) 704-3879Andrew Collie andrew@g6consulting.ca (416) 557-6063 www.g6consulting.ca G6 Consulting Inc. Canada’s R&D Tax Credits Experts

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