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Minister Blackburn delivers over $300,000 in research and development investment tax credits Activplant

2009-07-07
London, Ontario, July 7, 2009... The Honourable Jean-Pierre Blackburn, Minister of National Revenue and Minister of State (Agriculture and Agri-Food), met today with Mr. Drew Forret, President of Activplant, and personally delivered $370,000 in scientific research and experimental development (SR&ED) investment tax credits earned by the company.

During a tour of the company's facility in London, Minister Blackburn met with company officials to discuss 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 Activplant which provides innovative software solutions to the automated manufacturing sector," said Minister Blackburn. "Businesses like Activplant 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 Activplant in the design and development of software solutions for the automated manufacturing sector, such as data collection and data analysis software.

"The SR&ED program shows the Government's commitment to supporting research and development in Canada," said Mr. Forret, President of Activplant. "The SR&ED program helps Activplant maintain a strong research and development program focused on enhancing our award-winning Business Intelligence platform and applications that help our customers to better understand and manage their operational performance."

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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