Founder Pay & SR&ED Benefits
Use this calculator to see how paying yourself can boost your cash flow through SR&ED. Easily compare your personal tax cost with the SR&ED refund you’d receive, and find out when it actually makes sense to pay yourself—so you can maximize both your income and your SR&ED claim.
Instructions
- Enter your province of employment
- Enter the salary of the company that can claim SR&ED and your salary from other sources
- In the company that can claim SR&ED, estimate the amount of time you’ll spend on SR&ED-related activities.
Results
The net benefit is calculated by subtracting the personal tax from the SR&ED refund. Note that taxes are a certainty, but the CRA can audit and potentially reduce the SR&ED claim.
What this tool does
Take the guesswork out of paying yourself as a founder while maximizing your SR&ED refund. Our comprehensive SR&ED Founder Pay Calculator helps Canadian startup founders and small business owners compare the personal tax cost of paying a salary against the financial benefit of claiming the Scientific Research & Experimental Development (SR&ED) tax credit.
Easily see when it makes sense to draw a salary, how it impacts your net cash flow, and what your potential SR&ED refund could be, based on your actual income and personal tax rates. This unique tool is designed for Canadian founders, CEOs, CFOs, and anyone managing startup finances who wants to make informed, data-driven decisions about compensation and SR&ED claims.
Stop guessing and start planning with confidence. Try the GrowWise SR&ED Founder Pay Calculator today to optimize your personal pay and maximize your company’s cash flow.
If you have any questions or want a more detailed assessment, please reach out to us at contact@growwise.ai.
Disclaimer
This calculator is for informational and illustrative purposes only. Results are estimates and should not be considered professional tax, legal, or financial advice. We do not guarantee the accuracy, completeness, or reliability of the results. Please consult a qualified professional before making any financial or tax decisions. Use of this calculator is at your own risk.