Neal Armstrong is a partner in the Taxation practice. He has extensive expertise in a wide variety of tax matters, including GST and other commodity taxes, as well as income and capital taxes. His diverse practice includes domestic and cross-border mergers and acquisitions, spin-offs, reorganizations, financing and leasing transactions, derivatives and other financial products, joint ventures and investment funds. 

Neal has been a principal Canadian tax advisor in major Canadian REIT transactions. His expertise in GST and IT taxation has entailed an advisory role in a wide range of commercial transactions.

Representative Work

• Acting for InnVest Real Estate Investment Trust, in partnership with Cadbridge Investors LP, in a take-over bid for all of the outstanding units of Legacy Hotels Real Estate Investment Trust. The deal was valued at approximately $2.5 billion.
• Acted for the Plenary Health consortium, composed of Plenary Group, Deutsche Bank, AG, PCL Constructors Canada and Johnson Controls, in its initiative to build, finance and operate the North Bay Regional Health Centre project.
• Acted for InnVest Real Estate Investment Trust in connection with its public offering of approximately $200 million of subscription receipts comprising rights to receive units and convertible debentures.
• Acted for Retirement Residences Real Estate Investment Trust when it was acquired by the Public Sector Investment Board. Inclusive of debt, the total value of the deal was approximately $2.8 billion.
• Acted for CIBC World Markets, Scotia Capital Inc. and a syndicate of underwriters in the $205 million IPO of Crombie Real Estate Investment Trust.

Articles and Publications

Neal is the author of the tax sections in Hughes on Copyright and Industrial Design, Hughes on Trade Marks, and Hughes and Woodley on Patents.