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
SR&ED and the Expenditure Limit
July 19, 2024 – The Scientific Research & Experimental Development (“SR&ED”) program has been around in Canada for decades, providing refundable and non-refundable tax credits to Canadian corporations conducting R&D in Canada. As the corporation grows and starts to earn revenue and build capital, these expenditure limits may start to decrease or be eliminated. What can owners do about this?
Are you Maximizing the Benefits of R&D in your Medical Professional Corporation?
April 09, 2024 – Do you perform research during your day-to-day activities? Are you looking to develop new procedures or new medical devices that […]
Understanding SR&ED Claims:
March 18, 2024 – A Case Study on Solar-Powered Shingles Scientific Research & Experimental Development (SR&ED) claims are a vital aspect of Canada’s tax […]
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.
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