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Pfizer pushes Liberals to include corporate tax breaks in next federal budget

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Pfizer Canada wants the Liberal government to introduce new tax breaks and to cut or freeze corporate tax rates in the next federal budget, in a push for more incentives to attract pharmaceutical investment in the country.The domestic arm of the pharmaceutical giant behind the first coronavirus vaccine approved by Health Canada outlined its recommendations in a pre-budget submission to the Commons finance committee.

Canada will receive zero Pfizer vaccine deliveries during last week of January The submission notes that the government should provide “certainty and predictability” about federal tax rules, policies and regulations in order to retain and grow pharmaceutical manufacturing along with research and development in Canada.“A.

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