Canada · SR&ED · Illustrative ITC
Model a qualified expenditure pool in CAD. CCPC view uses a simplified two-rate federal illustration (35% then 15%). Other corporations use a flat 15% illustration. Provincial credits and income limits are not modeled.
Try an example:
This is not your T661 line items total. It is a rough pool your advisor might discuss before grinding for taxable income and provincial overlays.
Illustrative federal ITC
$630,000
CAD, before provincial credits. Not tax advice.