SR&ED Tax Credits in Canada (with Calculator)

If your incorporated business does R&D in Canada, SR&ED can be one of the biggest sources of non-dilutive funding … when you claim it the way the CRA expects.

The challenge is that “SR&ED” is not the same as “product development”, “routine debugging”, “standard upgrades”, or “implementing known solutions.”

Many claims get reduced because the project objective, documentation, or cost calculation doesn’t line up with CRA rules.

In this in-depth blog post we cover:

• What “eligible SR&ED work” actually means (and what doesn’t count)

• Which costs you can claim and how the proxy method works

• Provincial SR&ED Tax Credits (Ontario example - OITC and ORDTC)

• A SR&ED Calculator You Can Use To Estimate Your Credit

• Deadlines and CRA review expectations

• The 2025/2026 rule updates

• …and more!

Let’s dive in!

Thank You For Reading. See You Next Time!

Think Team🙏