| Within Corporation | Eligible Research Institute |
Earned Income |
|
|
Taxable Income | 30 | 30 |
Taxes Payable-CCPC Rate 15% | (4.5) | (4.5) |
Research Expenditure | (100) | (100) |
Grants Received | 50 | 50 |
SR&ED Credit (35%) | 17.5 | 17.5 |
Ontario Eligible Research Institute Tax Credit (20%) | 0 | 10 |
Ontario Innovation Tax Credit (10%) | 5 | 5 |
Research Tax Deduction (4.5%) | 2.25 | 2.25 |
Net Research Expenditure | (25.25) | (15.25) |
Net Income | 0.25 | 10.25 |
Capital Gains |
|
|
Taxable Capital Gains | 30 | 30 |
Taxes Payable-Capital Gain Rate 28%/2 | (4.2) | (4.2) |
Research Expenditure | (100) | (100) |
Grants Received | 50 | 50 |
SR&ED Credit (35%) | 17.5 | 17.5 |
Ontario Eligible Research Institute Tax Credit (20%) | 0 | 10 |
Ontario Innovation Tax Credit (10%) | 5 | 5 |
Research Tax Deduction (4.5%) | 2.25 | 2.25 |
Net Research Expenditure | (25.25) | (15.25) |
Net Income | 0.55 | 10.55 |