AxscopeEmpowering Innovation
HOMESR&ED Calculator

Estimate your 2026 SR&ED refund.

Updated for the 2026 rules: a 35% federal credit on up to $6M a year, R&D equipment claimable again, and BC's 10% credit now permanent. Enter your numbers and see the federal and BC split instantly.

Book a Free Consultation
SR&ED ITC Calculator

Estimate your refund in 30 seconds.

Type exact figures or drag the sliders. Real-time estimate under the 2026 rules — BC rates and the proxy method, with the $6M federal limit, R&D equipment and the BC grind applied. Other provinces — message us.

Inputs · Annual R&D Spend

Your Expenditures

100% eligible + 55% proxy overhead added automatically
$
80% of arm's-length contractor cost is eligible
$
100% eligible (consumed or transformed in experimentation)
$
80% eligible (universities, research institutes)
$
Equipment used 90%+ for SR&ED · counts as a current expense
$
New, acquired after Dec 15, 2024, used 90%+ for SR&ED · 40% refundable
$
Simplified BC estimator using the proxy method. Assumes a qualifying CCPC and arm's-length contractors. Does not capture every CRA nuance (related-party rules, shared-use equipment, the taxable-capital phase-out, contract payment elections, etc.) — talk to us for a verified claim.
Estimated Total ITC
$392,175
per fiscal year · CCPC, BC
Effective rate56.0%
ITC Breakdown
Federal ITC$297,675
BC Provincial ITC (10%)$94,500
Proxy overhead (55% × salaries)$275,000
Qualified pool$945,000
Get a verified estimate
How It Works

How the estimate is calculated

  1. 1

    Build the qualified pool

    R&D salaries, plus 55% of them as proxy overhead, 80% of arm's-length contractor costs, materials consumed, 80% of third-party research payments and R&D equipment lease costs. New R&D equipment forms a separate capital pool.

  2. 2

    Apply the BC credit

    10% of the pool. For a CCPC it is refundable on up to $6M of qualified spending and non-refundable above that.

  3. 3

    Reduce the federal base

    Provincial credits are government assistance, so the federal credit is calculated on the pool minus the BC credit.

  4. 4

    Apply the federal credit

    35% on the first $6M (current spending uses the limit before equipment), 15% above it. Cash refund: 100% of the 35% credit on current spending, 40% of it on equipment, and 40% of the 15% credit for a qualifying CCPC.

2026 SR&ED rates at a glance (BC)

Federal enhanced credit (CCPC)
35% on up to $6M a year
Federal basic credit
15% above $6M, or for non-CCPCs
Refundable share (qualifying CCPC)
100% on current spending, 40% on equipment
BC SR&ED credit
10%, refundable for CCPCs up to $6M
Limit phase-out
Prior-year taxable capital of $15M–$75M
Equipment and leases
Eligible if acquired or incurred after Dec 15, 2024

Worked example: adding a machine

A BC CCPC spends $500,000 on R&D salaries, $150,000 on contractors and $50,000 on materials. Its credits come to about $392,175, all of it refundable.

It then buys a new $400,000 pilot line used 90%+ for experimental development. That adds $166,000: $40,000 from BC and $126,000 federal, of which $50,400 is paid as cash and $75,600 reduces future tax. Read the full 2026 SR&ED changes guide.

Frequently Asked

Questions, answered.

What people ask before they run the numbers.

How much SR&ED will I get back?
It depends on the mix of spending. For a BC company that qualifies as a CCPC, salary-heavy claims approach 64% of direct R&D salary cost once the proxy overhead is included. A company spending $500,000 on R&D salaries, $150,000 on contractors and $50,000 on materials would receive about $392,000 in federal and BC credits, roughly 56% of that spend.
What changed in the 2026 SR&ED rules?
Bill C-15, which received Royal Assent on March 26, 2026, doubled the limit for the enhanced 35% refundable credit from $3 million to $6 million, made R&D equipment eligible again, widened the taxable-capital phase-out to $15 million–$75 million and opened the enhanced credit to eligible Canadian public corporations. The changes apply to tax years that begin after December 15, 2024.
Can I include equipment in the SR&ED calculator?
Yes. Enter leased R&D equipment and purchased R&D equipment separately. Lease costs for equipment used 90% or more for SR&ED count as current spending and earn a fully refundable credit. Purchased equipment must be new, acquired after December 15, 2024 and used 90% or more for SR&ED, and only 40% of its federal credit is paid in cash. A $400,000 machine earns about $166,000 in credits, $90,400 of it as cash.
How accurate is this SR&ED calculator?
It is an estimate. It applies the published rates, the proxy method, the $6 million limit and the BC grind, and assumes a qualifying CCPC with arm's-length contractors. It does not model the taxable-capital phase-out, shared-use equipment, specified-employee salary caps in detail or other provinces. The final amount depends on which work and costs CRA accepts as SR&ED.
Does the SR&ED calculator work outside BC?
The federal figures apply across Canada. The provincial line uses British Columbia's 10% credit; Ontario, Quebec, Alberta and other provinces have their own programs at different rates. Contact Axscope for an estimate in another province.
From the Blog

SR&ED, in practice.

What qualifies, what changed in 2026, and how to document a claim.

SR&ED

SR&ED 2026: $6M Limit, and R&D Equipment Is Claimable Again

Bill C-15 doubled the enhanced SR&ED limit to $6M and, for the first time since 2014, lets companies claim R&D equipment, bought or leased. What changed, why manufacturers gain the most, and the 90% test that decides whether a machine counts.

READ ARTICLE9 min
SR&ED

SR&ED for SaaS Companies in 2026: What Actually Qualifies

SaaS founders consistently under-claim SR&ED. Here's a CRA-aligned breakdown of what counts as eligible R&D — and the documentation pattern that survives a review.

READ ARTICLE11 min
SR&ED

Does AI Development Qualify for SR&ED? The 2026 Guide

Everyone is building with AI — and CRA reviewers are reading the category closely. Where the SR&ED line actually falls in 2026: from prompt tweaking and API integration (usually no) to fine-tuning, RAG engineering, and eval harnesses (often yes).

READ ARTICLE10 min

Turn the estimate into a filed claim.

Free 30-minute call. We'll check which of your work and costs qualify, including equipment, and what the claim is likely to be worth.

Book a Free Consultationservice@axscope.com