Innovators Network Breakfast Seminar

Date: Wednesday November 26, 2003

Time: 7:30 – 9:00 AM

Place: Java Bytes Internet Café - Winner of the 2003 New Business of the Year Award

541A 3^rd Street SE, Medicine Hat, Alberta

Cost: $10 (includes breakfast)

Topic: The Science, Research and Experimental Development Tax Credit Program (SRED)

Speakers: Dr. Douglas Clay, Canada Customs and Revenue Agency (CCRA)

Mr. Larry Johnson, Meyers Norris Penny Medicine Hat

Mr. Cal Koskowich, National Research Council (IRAP)

If your business is planning to develop new products or services you should be aware of the substantial tax credit entitlement under the Government of Canada’s SRED program. Expenses incurred in qualifying research and development may earn up to a 35 percent tax credit provided the investigative work meets CCRA’s definition of science research and experimental development. You might be surprised at how broadly these definitions are applied but you must obtain prior approval for any such expenses and structure your project’s accounts accordingly.

Our speakers are experts in interpreting and applying the SRED program. Please come to this breakfast seminar to learn more about the SRED program and the service offered by CCRA, IRAP and local accounting firms. Come also to meet and network with fellow entrepreneurs, investors and business service providers and to discover the friendly ambience of Java Bytes Internet Café.

Please RSVP by Monday November 24

Maira Devin at Medicine Hat College

Phone 529 3874

Fax 504 3512

E-Mail mdevin@mhc.ab.ca