Alberta and Quebec SR&ED Tax Credits – Canadian SRED Solutions

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Alberta and Quebec SRED Tax Credits

• Canadian SRED Solutions

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What is SRED Tax Credit?

• SRED Tax Credits are financial measures
  through which the federal and provincial
  governments compensate expenses in innovation.
  Millions of dollars are allotted annually to
  these programs to encourage innovation in Canada.
  Each year, thousands of small and mid-size
  businesses in Canada claim such tax credits.

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Alberta SRED

• Alberta SRED is governed by the Alberta Ministry
  of Finance and Enterprise.

• Which companies are eligible for Alberta SRED?

• Any corporation with a permanent set-up
  in Alberta that is involved in SRED and
  qualified for federal SRED tax credit after
  December 31, 2008. It is refundable at 10 on up
  to 4 million in eligible expenditure. Please
  note that the definition of eligible expenditure
  was revised after December 31, 2012.

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What is the deadline to claim the tax credit?

• Can tax credit be carryback and
  carryforward?

• The tax credit cannot be carried back or
  forward.

• 15 months after the corporations filing
  due date.

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Quebec SRED

• Scientific Research and Experimental
  Development (SRED) is a foundation of the
  economic activity in Quebec.

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• In order to promote the SRED program in Quebec,
  the Quebec government has performed various
  measures, including
• Tax credit for university research
• Tax credit for the private partnership
• Tax credit for salaries (RD)
• Tax credit for fees and dues paid to a research
  organization

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