Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

G6 SRED tax credit Presentation

1,008 views

Published on

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
  • Be the first to comment

  • Be the first to like this

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

×