Project Dashboard...SR&ED tax incentives: To qualify for SR&ED tax incentives, companies must...
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The PwC SR&ED advantage Make the most of R&D tax incentives
Transcript of Project Dashboard...SR&ED tax incentives: To qualify for SR&ED tax incentives, companies must...
The PwC SR&ED advantageMake the most of R&D tax incentives
O U T S I D E
www.pwc.com/ca/en/sred
© 2012 PricewaterhouseCoopers LLP. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership, which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity. 1404-01 082011
Displays all projects, related expenditures and project status:
•securelyaddusersandassignthemonlytospecific projects
•consolidatemultipledivisionsintoasingleclaim
•oneclicktakesyoutothe project details
•easilyaddorremoveprojects
SR&EDNavigator
Project Dashboard
Find your way through the SR&ED mazeManyorganizationsfeeldisorientedbytheincreasinglycomplexandchallengingSR&EDclaimsprocess.Thesheervarietyofprojects,stakeholdersandeventimezonescanmaketheeffortoverwhelming.
Recognizingtheneedtocentralizeandproject-managetheSR&EDclaimprocess,PwCworkedwithawiderangeofcompaniesanddevelopedSR&EDNavigator.Thissecure, web-basedapplicationletsprojectteammemberscollect andprepareinformationquicklyandefficiently,helpingthemmeet deadlines with more complete and accurate information.
Streamline your claims processSR&EDNavigatorhelpsyoumanageyourSR&EDclaimsprocess,offering:
•aneasy-to-use,secureandcentralizedenvironmentforallyourSR&EDinformation
•importingofSR&EDclaiminformationintoprofessionaltaxpreparation software seamlessly, with a few simple clicks
•significanttimesavingsfortax,financeandengineeringdepartments
•anintuitiveuserinterface,reducingstafftraining
•workflowflexibilitythroughsecureweb-basedaccess
•implementationandupkeepwithnoadditionalsupport fromyourITdepartment
•collectionanduploadingofsupportingdocumentationforSR&EDclaims
•comprehensivediagnosticstoaidpreparationofcompleteSR&EDclaims
•directaccesstotheProjectDashboard.
Cathy A. Wraggett, CAPartner
8yearsSR&EDexperience
416 869 2446 [email protected]
Chris Bodnar, MBAManager
7yearsSR&EDexperience
416 725 0458 [email protected]
Greg P. Garland, MBA,P.Eng.,MechanicalEngineeringAssociatePartner
14yearsSR&EDexperience
905 949 7440 [email protected]
Prabh (Bob) Singh, CAAssociatePartner
8yearsSR&EDexperience
905 897 4519 [email protected]
Vik Sachdev, CAPartner
11yearsSR&EDexperience
416 869 2424 [email protected]
Contacts
I N S I D E
The PwC SR&ED advantage
Likemuchintax,thebasicsofSR&EDaresimplein theory,butgettingitrightinreallifeischallenging.
SR&ED tax incentives:ToqualifyforSR&EDtaxincentives,companiesmustperformworkinCanada thatisbasicresearch,appliedresearchorexperimentaldevelopment.Formost,SR&EDtakestheformofexperimental development.
SR&ED tax credits:Canadian-controlledprivatecorporations(CCPCs)areeligiblefora35%federalrefundabletaxcreditonupto$3millionofeligibleexpenditures.Additionally,allprovinces(exceptPEI) offercorrespondingcreditsforSR&EDundertakenintheparticularprovince.CompaniesthatarenotCCPCsareeligiblefora20%non-refundablefederalcreditand certainprovincialrefundableandnon-refundablecredits.
Claiming SR&ED refunds:ToreceiveaSR&ED refund,acompanymustfilefederalandprovincial SR&EDformswithitscorporatetaxreturnswithin 18monthsofitsyearend.Late-filedclaimswillnot beacceptedandwillresultinthepermanentlossof allSR&EDbenefitsrelatedtothatyear.
Qualifying costs: Qualifyingcostsarethosefor:
•salaries,wages,andrelatedbenefitsofpersonneldirectlyinvolvedinSR&EDactivities (e.g.,engineers,technicians,scientistsanddevelopers)
•materialsandsupplies•contractexpenditures•overhead(actualor “65%proxyelection”)•capitalexpenditures.
… and beyondTogetthemostoutofSR&EDandensurethatallworthwhileclaimsaremadeproperlymeansgoingbeyondtheseSR&EDbasics—withefficiency,flexibilityandinsight(seebelow). Butthere’ssomuchmoretoyourworldthanSR&ED.Extendyourbusinesshorizons:Tapintoourextensiveexpertise in tax, audit and advisory services. Meet our seasoned professionals,andletushelpyoufindnewwaystogrow yourbusiness.
Canada Revenue Agency
Your engineering/ technical group
Your tax and accounting group
PwC SR&ED team
Experience our experience Your SR&ED claim…Your needs are unique.
Fortunately,PwC’sscientificresearchandexperimentaldevelopment(SR&ED)professionalshavethefinest cross-disciplinarycredentials.Ourteamofengineers,scientists, accountants and tax practitioners has exactly the expertise required to understand the issues and challengesyouface—andtomatchyourSR&EDclaims and your industry.
Tohelpyoumaximizeandsupportyourclaims,webringtobearextensivetechnical,financial,tax,industryandregulatoryexperience,includingmanyyearsworking withtheCanadaRevenueAgency(CRA).
Industry scopeThePwCSR&EDteamhasexperienceinmanyindustries,including:
•aerospace•agriculture•automotive •clean tech•energy•entertainment & media•life sciences •manufacturing
•mining•oilandgas•pharmaceuticals •pulp and paper •software •technology•telecommunications •utilities
Working togetherBecauseittakesstrongworkingrelationshipstodelivereffectiveSR&EDsolutions,weapplyanintegratedapproach. Ourteamcollaborateswithallkeystakeholders, so that your claims are well captured andfullysupportable.
Ourgoalistocreatealastingrelationshipwithyou.We’lldothisbyaddingvaluetoyourclaimandhelpingtoreducethetimeandresourcecommitmentyoumaketoyourSR&EDclaimsprocess.
The PwC SR&ED advantage
UsingaprovenSR&EDprocess,weaddvaluetoyour claims and reduce the demands on your time and resources.
•confidencethatalleligibleSR&EDprojectswillbeidentified
•reducedclaimpreparationtimedemandsonyour technical staff
•flexibleserviceoptions,includingclaimstrategydevelopment, claim review, claim preparation, tax return preparation, audit support and taxstructuring
•flexiblefeeoptionsalignedwithyourbusinessrequirements
•accesstotheinsightandexperienceofPwC’sNationalSR&EDDirector,theformerheadoftheCRA’sSR&EDPolicyDirectorate
•thebenefitofourstrongrelationshipswithseniorCRAandFinanceofficials
•ourrecommendationsforsystemandprocessimprovements
•proprietarytechnologysolutions(includingSR&EDNavigator,describedonthebackpage)to help you capture, document and maintain SR&EDinformation
Integrated SR&ED approach Optimize claims year-over-year
SR&ED applicant
Oversee strategic project management
Identify SR&ED eligible projects
Recommend SR&ED document capture processes
Prepare claims
Knowledge transfer to your finance and technical staff
Identify SR&ED process improvement
Manage and support CRA reviews
I N S I D E
The PwC SR&ED advantage
Likemuchintax,thebasicsofSR&EDaresimplein theory,butgettingitrightinreallifeischallenging.
SR&ED tax incentives:ToqualifyforSR&EDtaxincentives,companiesmustperformworkinCanada thatisbasicresearch,appliedresearchorexperimentaldevelopment.Formost,SR&EDtakestheformofexperimental development.
SR&ED tax credits:Canadian-controlledprivatecorporations(CCPCs)areeligiblefora35%federalrefundabletaxcreditonupto$3millionofeligibleexpenditures.Additionally,allprovinces(exceptPEI) offercorrespondingcreditsforSR&EDundertakenintheparticularprovince.CompaniesthatarenotCCPCsareeligiblefora20%non-refundablefederalcreditand certainprovincialrefundableandnon-refundablecredits.
Claiming SR&ED refunds:ToreceiveaSR&ED refund,acompanymustfilefederalandprovincial SR&EDformswithitscorporatetaxreturnswithin 18monthsofitsyearend.Late-filedclaimswillnot beacceptedandwillresultinthepermanentlossof allSR&EDbenefitsrelatedtothatyear.
Qualifying costs: Qualifyingcostsarethosefor:
•salaries,wages,andrelatedbenefitsofpersonneldirectlyinvolvedinSR&EDactivities (e.g.,engineers,technicians,scientistsanddevelopers)
•materialsandsupplies•contractexpenditures•overhead(actualor “65%proxyelection”)•capitalexpenditures.
… and beyondTogetthemostoutofSR&EDandensurethatallworthwhileclaimsaremadeproperlymeansgoingbeyondtheseSR&EDbasics—withefficiency,flexibilityandinsight(seebelow). Butthere’ssomuchmoretoyourworldthanSR&ED.Extendyourbusinesshorizons:Tapintoourextensiveexpertise in tax, audit and advisory services. Meet our seasoned professionals,andletushelpyoufindnewwaystogrow yourbusiness.
Canada Revenue Agency
Your engineering/ technical group
Your tax and accounting group
PwC SR&ED team
Experience our experience Your SR&ED claim…Your needs are unique.
Fortunately,PwC’sscientificresearchandexperimentaldevelopment(SR&ED)professionalshavethefinest cross-disciplinarycredentials.Ourteamofengineers,scientists, accountants and tax practitioners has exactly the expertise required to understand the issues and challengesyouface—andtomatchyourSR&EDclaims and your industry.
Tohelpyoumaximizeandsupportyourclaims,webringtobearextensivetechnical,financial,tax,industryandregulatoryexperience,includingmanyyearsworking withtheCanadaRevenueAgency(CRA).
Industry scopeThePwCSR&EDteamhasexperienceinmanyindustries,including:
•aerospace•agriculture•automotive •clean tech•energy•entertainment & media•life sciences •manufacturing
•mining•oilandgas•pharmaceuticals •pulp and paper •software •technology•telecommunications •utilities
Working togetherBecauseittakesstrongworkingrelationshipstodelivereffectiveSR&EDsolutions,weapplyanintegratedapproach. Ourteamcollaborateswithallkeystakeholders, so that your claims are well captured andfullysupportable.
Ourgoalistocreatealastingrelationshipwithyou.We’lldothisbyaddingvaluetoyourclaimandhelpingtoreducethetimeandresourcecommitmentyoumaketoyourSR&EDclaimsprocess.
The PwC SR&ED advantage
UsingaprovenSR&EDprocess,weaddvaluetoyour claims and reduce the demands on your time and resources.
•confidencethatalleligibleSR&EDprojectswillbeidentified
•reducedclaimpreparationtimedemandsonyour technical staff
•flexibleserviceoptions,includingclaimstrategydevelopment, claim review, claim preparation, tax return preparation, audit support and taxstructuring
•flexiblefeeoptionsalignedwithyourbusinessrequirements
•accesstotheinsightandexperienceofPwC’sNationalSR&EDDirector,theformerheadoftheCRA’sSR&EDPolicyDirectorate
•thebenefitofourstrongrelationshipswithseniorCRAandFinanceofficials
•ourrecommendationsforsystemandprocessimprovements
•proprietarytechnologysolutions(includingSR&EDNavigator,describedonthebackpage)to help you capture, document and maintain SR&EDinformation
Integrated SR&ED approach Optimize claims year-over-year
SR&ED applicant
Oversee strategic project management
Identify SR&ED eligible projects
Recommend SR&ED document capture processes
Prepare claims
Knowledge transfer to your finance and technical staff
Identify SR&ED process improvement
Manage and support CRA reviews
The PwC SR&ED advantageMake the most of R&D tax incentives
O U T S I D E
www.pwc.com/ca/en/sred
© 2012 PricewaterhouseCoopers LLP. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership, which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity. 1404-01 082011
Displays all projects, related expenditures and project status:
•securelyaddusersandassignthemonlytospecific projects
•consolidatemultipledivisionsintoasingleclaim
•oneclicktakesyoutothe project details
•easilyaddorremoveprojects
SR&EDNavigator
Project Dashboard
Find your way through the SR&ED mazeManyorganizationsfeeldisorientedbytheincreasinglycomplexandchallengingSR&EDclaimsprocess.Thesheervarietyofprojects,stakeholdersandeventimezonescanmaketheeffortoverwhelming.
Recognizingtheneedtocentralizeandproject-managetheSR&EDclaimprocess,PwCworkedwithawiderangeofcompaniesanddevelopedSR&EDNavigator.Thissecure, web-basedapplicationletsprojectteammemberscollect andprepareinformationquicklyandefficiently,helpingthemmeet deadlines with more complete and accurate information.
Streamline your claims processSR&EDNavigatorhelpsyoumanageyourSR&EDclaimsprocess,offering:
•aneasy-to-use,secureandcentralizedenvironmentforallyourSR&EDinformation
•importingofSR&EDclaiminformationintoprofessionaltaxpreparation software seamlessly, with a few simple clicks
•significanttimesavingsfortax,financeandengineeringdepartments
•anintuitiveuserinterface,reducingstafftraining
•workflowflexibilitythroughsecureweb-basedaccess
•implementationandupkeepwithnoadditionalsupport fromyourITdepartment
•collectionanduploadingofsupportingdocumentationforSR&EDclaims
•comprehensivediagnosticstoaidpreparationofcompleteSR&EDclaims
•directaccesstotheProjectDashboard.
Cathy A. Wraggett, CAPartner
8yearsSR&EDexperience
416 869 2446 [email protected]
Vik Sachdev, CAPartner
11yearsSR&EDexperience
416 869 2424 [email protected]
Prabh (Bob) Singh, CAAssociatePartner
8yearsSR&EDexperience
905 897 4519 [email protected]
Greg P. Garland, MBA,P.Eng.,MechanicalEngineeringAssociatePartner
14yearsSR&EDexperience
905 949 7440 [email protected]
Chris Bodnar, MBAManager
7yearsSR&EDexperience
416 725 0458 [email protected]
Contacts
Meeting our client data security requirements – ISO 27001 WehaveachievedISO27001CertificationforourPwCCanadaITOperationsandDataCentrelocations.Thiscertificationunderscoresourcommitmenttoprotectingclientdatawhichisbackedbyaformal,globalstandardformanagingITsecurity.
Amar N. Goel, CASenior Manager
12 years SR&ED experience
905 738 2909 [email protected]
Bruce R. Madole, CMCManager
17 years SR&ED experience
905 949 7347 [email protected]
Cathy A. Wraggett, CAPartner
8 years SR&ED experience
416 869 2446 [email protected]
Chris T. Ostrowski, MCP P.Eng., Physical Engineering Manager
10 years SR&ED experience
905 949 7312 [email protected]
Chris Bodnar, MBAManager
7 years SR&ED experience
416 725 0458 [email protected]
Darren Speake, CASenior Manager
12 years SR&ED experience
416 869 2471 [email protected]
Greg P. Garland, MBA, P.Eng., Mechanical Engineering Associate Partner
14 years SR&ED experience
905 949 7440 [email protected]
Jamie R. Dowd, BSc – Computer SciencesSenior Manager
5 years SR&ED experience
905 949 7331 [email protected]
Leroy Dougherty, P.Eng., Electrical EngineeringSenior Manager
5 years SR&ED experience
403 509 7555 x3039 [email protected]
Maureen M. Savoy, CASenior Associate
12 years SR&ED experience
905 949 7370 [email protected]
Mel Machado, CGA Associate Partner
26 years SR&ED experience
613 755 5664 [email protected]
Monica Sharma, CAManager
2 years SR&ED experience
905 949 7372 [email protected]
Peter C. Allen, BSc – Mechanical EngineeringSenior Manager
11 years SR&ED experience
905 949 7355 [email protected]
Prabh (Bob) Singh, CAAssociate Partner
8 years SR&ED experience
905 897 4519 [email protected]
Sivarajah (Siva) Sinnathamby, CA, CPA(IL)Senior Manager
5 years SR&ED experience
905 949 7449 [email protected]
Stan Singh, B.A. ScSenior Manager
14 years SR&ED experience
905 949 7424 [email protected]
Tom Arnott, BSc – Computer SciencesManager
4 years SR&ED experience
905 949 7376 [email protected]
Vik Sachdev, CAPartner
11 years SR&ED experience
416 869 2424 [email protected]
PwC’s dedicated GTA SR&ED Team
© 2012 PricewaterhouseCoopers LLP. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership, which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity. 1404-01 082011
