Val-d'Or, Quebec, September 1, 2009 ... The Honourable Jean-Pierre Blackburn, Minister of National Revenue and Minister of State (Agriculture and Agri-Food), met today with Mr. Alain Roberge, President and Chief Executive Officer of Imprimerie Lebonfon Inc., and personally delivered $199,000 in scientific research and experimental development (SR&ED) investment tax credits earned by the company.
During a tour of the company's facility in Val-d'Or, Minister Blackburn spoke with company officials about the importance of the SR&ED program as the largest source of federal government support for industrial research and development.
"The Government supports Canadian businesses like Imprimerie Lebonfon Inc., a technological leader in printing services," said Minister Blackburn. "Businesses like Imprimerie Lebonfon Inc. are crucial to the long-term growth of our economy, providing sustainable jobs in our communities and helping improve the quality of life for all Canadians."
SR&ED investment tax credits support Imprimerie Lebonfon Inc. in the design and development of high‑quality printing technologies.
"The SR&ED program shows the Government's commitment to supporting research and development in Canada," said Mr. Roberge. "The SR&ED program helps Imprimerie Lebonfon Inc. optimize its printing technologies and enhance the quality of its products."
The SR&ED program is a federal tax incentive program administered by the Canada Revenue Agency, which encourages Canadian businesses of all sizes, and in all sectors, to conduct research and development in Canada. The SR&ED program gives claimants cash refunds and/or tax credits for their expenditures on eligible work done in Canada.
For more information on the SR&ED program, and details on how to apply, go to www.cra.gc.ca/sred.
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