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.
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.
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If you have any questions or want a more detailed assessment, please reach out to us at contact@growwise.ai.
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.
