SR&ED Tax Credit Calculator
Bonuses for R&D work are eligible but don't receive proxy overhead gross-up
Ontario ORDTC/OITC Options
Ontario provides both non-refundable ORDTC (3.5%) and refundable OITC (6.5%). Waiving ORDTC means you don't get the 3.5% credit, but since ORDTC reduces your expense pool, waiving it increases your federal credit by keeping more expenses in the pool.
Disclaimer: This calculator provides estimates only. Actual SR&ED tax credits may vary based on specific circumstances, CRA interpretation, and current tax legislation. Consult with a tax professional for accurate calculations.