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Minister Blackburn delivers $229,000 in research and development investment tax credits to Bluewater Business Solutions

2009-08-11
Prince George, British Columbia, August 11, 2009…  The Honourable Jean-Pierre Blackburn, Minister of National Revenue and Minister of State (Agriculture and Agri-Food), met today with Mr. George Martin, President of Bluewater Business Solutions, and personally delivered $229,000 in scientific research and experimental development (SR&ED) investment tax credits earned by the company.  
 
During a tour of the company’s facility in Prince George, 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 is supporting Canadian businesses like Bluewater Business Solutions, which provides systems designed to improve the design and cost estimations of forest harvesting operations,” said Minister Blackburn. “Businesses like Bluewater Business Solutions 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 Bluewater Business Solutions in the design and the development of adaptive computerized software systems that generate accurate cost-projection models used in the forestry sector.
 
“The SR&ED program shows the Government’s commitment to supporting research and development in Canada,” said Mr. Martin. “The SR&ED program helps Bluewater Business Solutions maintain a strong research and
development program that improves the efficiency of harvesting plans by providing economic assessments of operations while maintaining important forest management objectives”.
 
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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