The team members of Pitre, Rafuse & Mulcahy, Inc. (PRM) work hard to maximize the SR&ED entitlement of each claimant we represent. Many criteria must be considered in determining the eligibility of a claim and each claim has its own unique combination of eligible expenditures. Having said this, we have put together a sample calculation to demonstrate the optimum tax credit that could be expected based on the assumptions shown. As each jurisdiction also has its own participation level, please choose your province for greater accuracy.
Select a province to see a sample return:
Expenditures
Refund Percentage 2
Tax Credit Claimed 2
Wages Paid 1
$75,000
Materials 1
$10,000
Contracts 1
$10,000
R & D Capital 1
$5,000
Total:
1. All expense items are subject to eligibility according to the Income Tax Act (Per Section 3.7).
2. Various restrictions may apply based on corporate structure and profitability.
