SOURCE: Industrial Info Resources

Industrial Info Resources

March 26, 2010 05:00 ET

Federal Tax Law Changed to Stimulate Foreign Investment for Canadian Biotech Industry, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 26, 2010) -  Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- Contrary to the implementation of tougher rules for people wanting to enter Canada, the country wants its borders wide open to foreign investment. Determined to become a global player in the biotech market, the Canadian federal government modified a number of tax laws governing the Canada-U.S. tax treaty on March 4, 2010. The changes to section 116 have eliminated cumbersome double tax-filing requirements and administrative delays, which have deterred foreign venture capital and institutional investors from investing in Canadian biotechnology firms.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at, or browse other breaking industrial news stories at

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to or visit us at

Follow us on: Facebook - Twitter - LinkedIn - Vimeo

Contact Information

  • Contact:
    Joe Govreau