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    SR&ED Tax Credit Calculator

    Federal ITC + provincial SR&ED credits for CCPCs, corporations and sole proprietors

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    Estimates only – not tax advice. For planning purposes only; does not replace professional advice or official CRA calculations. Full disclaimer

    Last reviewed:

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    SR&ED inputs

    Estimate federal Investment Tax Credits + provincial SR&ED on qualified expenditures.

    Only CCPCs qualify for the 35% refundable credit.

    $3M expenditure limit is shared across associated CCPCs.

    Eligible for CRA's free FTCAS pre-review.

    Otherwise enter a single qualified expenditure total.

    Estimated SR&ED credit

    Federal ITC + provincial credit on qualified expenditure.

    Total qualified expenditure$250,000
    Federal ITC — refundable (35% on enhanced portion)$87,500
    Federal ITC — non-refundable (15%)$0
    Federal ITC total$87,500
    Provincial credit (ON)$28,750
    Provincial refundable$20,000
    Provincial non-refundable$8,750
    Total SR&ED credit$116,250
    Effective credit rate46.5%
    Net cost of $100 of R&D after credits$53
    The $3M expenditure limit is shared among associated CCPCs and may be reduced if prior-year taxable income > $800,000 or taxable capital > $10M (fully phased out at $50M).

    Last reviewed: