Special SR&ED Briefing Meeting, Friday, November 23rd, Toronto
Attn: Executives Concerned with SR&ED Tax Credits (please forward)
From: John Reid, President CATAAlliance
Re: Special SR&ED Briefing Meeting, Friday, November 23rd, Toronto
++ Action Item: Please confirm your participation by return email to firstname.lastname@example.org with SR&ED Briefing in the Header.
As you know, the Federal Government has committed to improving Canada's SR&ED Tax Credit System from both a legislative and an administrative point of view. Currently, Finance and the CRA are conducting formal consultations across Canada on what improvements to propose to the Government.
For our part, CATA has developed a comprehensive Campaign to focus and advance industry interests and we require your assistance with next steps. Please confirm by return email your participation in a Special SR&ED Briefing Meeting scheduled for Friday, November 23rd at the office of Deloitte (Atlantic and Great Lakes Rooms on the 12th Floor, 2 Queen Street offices, Toronto) beginning at 8:00 am to 10:00 am. A continental breakfast will be provided.
Status of SRED Campaign
This year, CATA completed extensive web consultations on both aspects of the program. The commentary clearly shows that simply improving the basic coverage of the credits is not going to be enough. We see that specific aspects of the legislation and related CRA policies need to be clearer to eliminate conflict between the CRA and claimants. In many parts of the country, participants are calling for improved administrative practices by the CRA. The commentary that CATA has received shows that the CRA's administrative practices are once again becoming a serious challenge for the success of the program in some regions.
We would like to review these results with you over breakfast, obtain your observations and discuss solutions with CATA Tax Director, Russ Roberts and myself. We would be pleased to discuss how your company can develop its own submission in support of this important opportunity to influence Canada's innovation policy.
Deadline for submissions to the joint Finance-CRA consultations is November 30, 2007.
Your Guidance is thus very timely.