Have You Tried the SR&ED Self-Assessment and Learning Tool?

cropped-canada

The Canada Revenue Agency (CRA) launched its improved online SR&ED Self-Assessment and Learning Tool (called SALT for short) to its resources page this morning.

If you’ve already tried the existing Eligibility  Self-Assessment Tool (ESAT), you can use  SALT to take it one step further and help you predict the likelihood of receiving a SR&ED tax credit for your work. You can enter your work and expenditures as well as answer a few focused questions.

According to the CRA, the purpose of the SR&ED Self-Assessment and Learning Tool is to help you:

  • understand the definition of SR&ED;
  • understand the requirements for the eligibility of work;
  • determine if your company project might include SR&ED work;
  • determine the extent of eligible work that you may have performed; and
  • estimate the associated SR&ED expenditures and your Investment Tax Credits (ITC).

Let us know if you’ve tested out the tool and what you think!

Keep reading

SR&ED

Plurilock Security Innovation Bolstered by SR&ED Tax Credits Partnership with Boast

9 Common Questions the CRA Uses to Determine SR&ED Eligibility

Respect Group Makes Canada Safer Through SR&ED Tax Credits and Partnership with Boast

US R&D Credits

Nols and R&D tax

R&D tax credits and NOLs: Here’s why you need to take advantage of both

Qualifying for State R&D Tax Credits in New York

Qualifying for State R&D Tax Credits in Texas

Business Growth

Designing for Hyper-Growth with Elad Gil

Google’s Secret to Unlocking Your Team’s Superpower: 3X Productivity & Growth

How to Use Referral Marketing to Scale Your Business 10X Faster