SR&ED Calculator
Welch LLP’s SR&ED calculator empowers you to focus on what matters most – advancing your R&D projects and driving your business forward.
Estimate your tax credits and refund
Welch LLP offers a robust SR&ED (Scientific Research and Experimental Development) calculator that can help your company quickly determine its potential eligibility for research and development tax credits.
Use this SR&ED calculator to obtain a realistic estimate of the potential tax credits for which your company may qualify.
Disclaimer
Please note that the results provided by this SR&ED calculator are estimates only and should not be considered as tax advice. The calculator is designed to provide a general idea of the potential tax savings that a company may be eligible for under the SR&ED program. However, eligibility for the program is subject to a variety of factors, including the nature of the research activities, the degree of technological advancement, and the associated expenses incurred. Therefore, we strongly recommend consulting with a qualified tax professional to determine the exact eligibility and potential tax savings for your company under the SR&ED program.
Related resources
Mythbusting SR&ED: Understanding the Program and How to Optimize It
November 22, 2023 – To make the most of the Scientific Research & Experimental Development (SR&ED) program and the financing opportunities that go along […]
SR&ED: How to Minimize Audit Risk & Maximize Your Claim
March 29, 2023 – Co-hosted by Nikhil Rodye, Director at Easly, Welch LLP Partner and SR&ED expert Joshua Smith presented his expertise on How to Minimize Audit Risk & Maximize Your Claim, which took place on March 22nd, 2023.
The ‘How’ and ‘Why’ of SR&ED – A Tax Court Case
August 05, 2022 – Scientific Research & Experimental Development (SR&ED) claimants have been provided with an updated set of eligibility guidelines (as of August 13th, 2021) based on the ‘how’ and ‘why’ SR&ED is conducted.
SR&ED & How To Determine Project Eligibility Series
June 16, 2022 – Need a quick guide on how to determine your project eligibility status? Our Guide to SR&ED goes through all the questions and considerations in this blog series to help you keep track of your project. Download the Guide
New Eligibility Guidelines – The ‘How’ and ‘Why’ of SR&ED
March 30, 2022 – In a recent update to the Scientific Research & Experimental Development (SR&ED) guidelines (as of August 13th, 2021), CRA has provided a new set of guidelines to assess the eligibility of SR&ED work. These new criteria attempt to provide a ‘lens’ to view SR&ED through to help simplify the determination on whether or not work classifies as SR&ED.
The SR&ED Program & How to Determine Project Eligibility Series Part 5
October 13, 2021 – Was the overall approach undertaken for the purpose of achieving a scientific or a technological advancement? First, we should make note of what is considered an appropriate advancement for SR&ED purposes.
The SR&ED Program & How to Determine Project Eligibility Series Part 4
October 05, 2021 – Was the overall approach adopted consistent with a systematic investigation or search, including formulating, and testing the hypotheses by means of experiment or analysis?
The SR&ED Program & How to Determine Project Eligibility Series Part 3
September 29, 2021 – Was there a scientific or a technological uncertainty?
The SR&ED Program & How to Determine Project Eligibility Series Part 2
September 22, 2021 – An uncertainty relates to a result or objective, and whether that result or objective can be achieved based on available scientific or technological knowledge. A scientific uncertainty relates to science while a technological uncertainty relates to technology.
Documenting Your SR&ED
September 14, 2021 – Significant documentation should be recorded throughout the natural progression of your R&D to ensure you have created enough supporting evidence to satisfy CRA in the event of a review. This evidence will be used to support two aspects of your SR&ED claim: (i) the SR&ED work conducted; and (ii) the SR&ED expenditures claimed.
The SR&ED Program & How to Determine Project Eligibility Series Part 1
September 13, 2021 – In an effort to curtail this expenditure and, as a result, encourage R&D in Canada, the federal government has arranged support for appropriate R&D expenditures. Known as SR&ED, this tax incentive program aims to deliver consistent and predictable support to businesses across the nation.
New Scientific Research & Experimental Development (SR&ED) forms for 2021
November 02, 2020 – On October 30, 2020 the CRA released three updated forms for taxpayers filing a SR&ED claim. The adjusted forms can be found by clicking on the links below.
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