Overview presentation of Canada's SR&ED presentation

1. G6 Consulting Inc.
Canada’s R&D Tax Credits Experts
SR&ED Overview
Canada’s Largest Industry-Focused
Tax Credit Program

2. G6 Consulting Inc.
Canada’s R&D Tax Credits Experts
Tax Credit Programs in Perspective
 NRC’s IRAP
 RESP?
 SR&ED “Scientific Research and
Experimental Development” ?!

3. G6 Consulting Inc.
Canada’s R&D Tax Credits Experts
SR&ED Key Facts
 Funds Technical Innovation in
Canadian Industry
 20,000 companies split $3B fed $ -
Every Province except AB adds $
 Specifically targeted at small business
 Higher credit rates
 Fully refundable credit rates

4. G6 Consulting Inc.
Canada’s R&D Tax Credits Experts
RESP vs SRED
 $750 Million in Credits
 20% credit rate
 Money locked in for
several years
 Your kids spend the
money
 $3 Billion in Credits
 68% credit rate
 Cheques to you in
5-90 days
 You spend the
money
 Clear Winner: SRED!
RESP SRED

5. G6 Consulting Inc.
Canada’s R&D Tax Credits Experts
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

6. G6 Consulting Inc.
Canada’s R&D Tax Credits Experts
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
 Small/medium companies (CCPC’s) earn double the
credits of large corps – All credits come as cash!

7. G6 Consulting Inc.
Canada’s R&D Tax Credits Experts
Who Might Qualify?
 You don’t need engineers, scientists or
white lab coats
 Improving processes and improving
products qualify
 Green programs, start-ups, software
firms, tech companies all qualify
 “Shop-floor” SRED

8. G6 Consulting Inc.
Canada’s R&D Tax Credits Experts
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

9. G6 Consulting Inc.
Canada’s R&D Tax Credits Experts
Questions?

10. G6 Consulting Inc.
Canada’s R&D Tax Credits Experts
Michael Austin m.austin@g6consulting.ca (905) 483-6459
Greg Hills ghills@g6consulting.ca (416) 704-3879
g6consulting.ca
Call Us!