GRANBY, QC, Sept. 3 /CNW Telbec/ - The Honourable Jean-Pierre Blackburn,
Minister of National Revenue and Minister of State (Agriculture and
Agri-Food), met today with Mr. François Dandenault, President and Chief
Executive Officer of Les Enductions Repulpables RETEC Inc., and personally
delivered $100,000 in scientific research and experimental development (SR&ED)
investment tax credits earned by the company.
During a tour of the company's facility in Granby, 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
"The Government supports Canadian businesses like Les Enductions
Repulpables RETEC Inc., a business that specializes in the development of new
products and technologies in the paper and packaging industry," said Minister
Blackburn. "Businesses like Les Enductions Repulpables RETEC 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 Les Enductions Repulpables RETEC
Inc. in the design and development of water-based coating technologies that
are resistant to water vapour, oxygen, carbon dioxide, oil, and grease.
"The SR&ED program shows the Government's commitment to supporting
research and development in Canada," said Mr. Dandenault. "This program helps
Les Enductions Repulpables RETEC Inc. develop and patent fully repulpable and
recyclable high-tech, high-barrier coatings."
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.
For further information:
For further information: media: Caitlin Workman, Media Relations, Canada
Revenue Agency, (613) 941-6269; Sophie Doucet, Press Secretary, Office of the
Minister of National Revenue, (613) 608-3252; François Dandenault, President
and Chief Executive Officer, Les Enductions Repulpables RETEC Inc., (450)