PASC March Luncheon
Join us on Wednesday, March 19th at the Calgary Petroleum Club for a presentation by Jeff Christie and Alex Popa as they present on "Boast Capital Scientific Research & Experimental Development Credits".
Boast Capital Scientific Research and Experimental Development (SR&ED) Educational Presentation to Petroleum Accountants Association of Canada (PASC), March 19, 2014
Each year the Canadian government provides over $4.5 billion to more than 30,000 companies under the Scientific Research & Experimental Development (SR&ED) tax credit program. Introduced in the 1980s, SR&ED is a federal tax incentive program, administered by the Canada Revenue Agency (CRA), to encourage businesses of all sizes, particularly small to medium and startup businesses, to develop new or improve existing products, processes, methodologies, or materials.
Eligible businesses can recover up to 64% of their expenditures including wages, materials, machinery, equipment, and overhead expenses.
Why does this matter to you?
Any time you have a technical challenge that needs to be overcome, the associated employee salaries or subcontractor costs can be recovered through refundable and non-refundable tax credits. Think new asphalt or underlay development, equipment modification or development, and process improvements to reduce cost and time to name a few. If you are a sub-contractor, SR&ED can be claimed by your client making your bill smaller for them.
This session will provide an overview of the SR&ED program, how to identify eligible expenditures, how to prepare a claim, and most important, example of companies in your industry who have successfully applied.
When you can recover a significant amount of your development costs and claim up to 18 months back, this is one presentation that could have instant payoff.
Presentation time 45 minutes with 15 minutes for Q&A. If you have any questions, this is the time to get a straight answer from the experts!
Alex Popa, Managing Partner, Boast Capital
Alex Popa is the Managing Partner at Boast Capital. Prior to Boast Capital, Alex was an R&D tax practice manager for KPMG, and the national ICT R&D tax practice for Alma Consulting Group, a global operations consulting firm. Alex has extensive experience guiding clients through the technical and financial requirements of the SR&ED program with over 400 claims filed for companies across Canada and has successfully represented clients in CRA SR&ED reviews. Prior to becoming an R&D tax expert, Alex co-founded an e-commerce startup specializing in providing online recruitment resources to high turnover industries. Alex is a certified Project Management Professional and holds a B. Eng. in Software Engineering with an Electrical option from Lakehead University and a Postgraduate Diploma in Accounting from The University of British Columbia.
Jeff Christie, VP of Alberta & Prairie Region, Boast Capital
Jeff Christie is the VP of Alberta and Prairie Region at Boast Capital responsible for new client development and partnerships. Prior to joining Boast Capital Jeff competed as an Olympic athlete for 16 years in the sport of luge. He raced in the 2006 and 2010 Winter Olympics as well as 72 World Cups and 8 World Championships. Jeff holds a Bachelor of Commerce from Royal Roads University in Victoria, BC.
- PASC Members: $45.00 +GST
- Nonmembers: $55.00 +GST
- Calgary Petroleum Club, Viking Room A&B (319 - 5th Avenue SW)