Canada Revenue Agency

Canada Revenue Agency

July 07, 2009 09:21 ET

Media Advisory: Government of Canada Delivers $1.9 Million in Research and Development Tax Credits to Stern Laboratories Inc.

HAMILTON, ONTARIO--(Marketwire - July 7, 2009) - On July 8, 2009, the the Honourable Jean-Pierre Blackburn, Minister of National Revenue and Minister of State (Agriculture and Agri-Food), will meet with Mr. Gordon Hadaller, President of Stern Laboratories Inc., to personally deliver a cheque for more than $1.9 million in tax credits for scientific research and experimental development (SR&ED).

SR&ED investment tax credits support Stern Laboratories in the design and construction of experimental devices and facilities supporting the nuclear industry.

The SR&ED program is a federal tax incentive program administered by the Canada Revenue Agency (CRA), 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.

Date: Wednesday, July 8, 2009

Time: 9:00 a.m.

Location: Stern Laboratories Inc.
1590 Burlington Street East
Hamilton, Ontario
Tel: 905-548-5300

Contact Information

  • Canada Revenue Agency
    Noel Carisse
    Media Relations
    Office of the Minister of National Revenue
    Natalie Boileau
    Director of Communications (Acting)