Clients trust Chris for his practical advice and his ability to identify the most important issues in their deals.
Chris focuses on Canadian and international tax planning for investment funds, financial institutions, pension funds, mining companies and high-net-worth individuals, including professional athletes and entertainers. He provides tax advice related to cross-border transactions, private and public mergers and acquisitions, reorganizations, debt restructurings, insolvency proceedings, equity compensation plans and spinoffs. Chris also represents taxpayers in disputes with the Canada Revenue Agency and provincial authorities.
Chris chairs the Law Society of Ontario’s Taxation of Real Estate Transactions Conference. He is a co-author of the textbook Canadian Taxation of Trusts. Chris provides pro bono advice to UNITY, an organization that uses arts programming to help youth develop skills for success.
The Pallinghurst Group
Acted for The Pallinghurst Group, a private investor in the global natural resources sector, in its joint 50-50 acquisition with Investissement Québec of Québec-based Nemaska Lithium Inc. pursuant to a sales process under the Companies' Creditors Arrangement Act. The acquisition was structured as a credit bid with Nemaska's largest secured creditor, Orion Mine Finance, and achieved through a reverse vesting order granted by the Superior Court of Québec and upheld by the Québec Court of Appeal.
AirBoss of America Corp.
Acted for AirBoss of America Corp. in its acquisition of the 45% minority interest in AirBoss Defense Group that it did not own from Critical Solutions Holdings, LLC.
Connor, Clark & Lunn Infrastructure Ltd.
Acted as tax counsel to Connor, Clark & Lunn Infrastructure Ltd. in its acquisition of USA Rail, an operator of short-line rail terminals in Louisiana and Texas.
Acted as Canadian counsel to the initial purchasers, led by Barclays, BMO Capital Markets, Goldman Sachs & Co. LLC, RBC Capital Markets, Scotiabank and CIBC Capital Markets, in the private placement of US$750 million of senior secured notes of GFL Environmental Inc.
Acted for Google LLC in its acquisition of North Inc., a pioneer in human computer interfaces and smart glasses.
Axium Infrastructure Inc.
Acted for Axium Infrastructure Inc. in its acquisition from Osaka Gas Co., Ltd. of a 50% interest in a portfolio of nine solar farms located in Ontario.
New Gold Inc.
Acted for New Gold Inc. in its sale of the Blackwater Project in British Columbia to Artemis Gold Inc. for $210-million and an 8% gold stream.
Barrick Gold Corporation
Acted for Barrick Gold Corporation in connection with its earn-in arrangement with Precipitate Gold Corp. (PGC), under which Barrick was granted the right to acquire a 70% interest in PGC's Pueblo Grande project in the Dominican Republic, and a related subscription for common shares of PGC.
Acting for Plenary Americas, a leading investor, developer and operator of public infrastructure in North America, in its sale to Caisse de dépôt et placement du Québec.
Management Shareholders of Give & Go
Acted for the Management Shareholders of Give & Go, a market leader in the North American bakery industry, in the sale by Thomas H. Lee Partners, L.P., of a significant majority interest in Give & Go to Mondelez International.
Canada’s Fall Economic Statement: Tax Highlights
Dec. 01, 2020 - The Honourable Chrystia Freeland, Deputy Prime Minister of Canada and Minister of Finance, has released the Liberal Party’s first economic statement (Fall Economic Statement) since the start of the global COVID-19 pandemic. A record deficit of over $381 billion is projected for 2020-2021. This...
Canada chapter, co-author
June 15, 2020 - The Corporate Tax Planning Law Review, 2nd ed. (The Law Reviews)
Read the chapter.
Tax Issues for Distressed Corporations
Apr. 08, 2020 - The restrictions on social and commercial activity necessitated by the COVID-19 pandemic have resulted in unprecedented economic strain. Although governments have enacted equally unprecedented fiscal and monetary stimuli, businesses will be affected and some will need to restructure debts or take...
Canadian Tax Laws: A Review of 2019 and a Look Ahead to 2020
Jan. 30, 2020 - Each year at this time we look back at some of the more significant income tax developments in Canada affecting domestic and international business over the past year and look ahead to possible Canadian tax developments in the coming year. Review of Canadian Tax Developments in 2019 Tax...
Draft Legislation on the Taxation of Stock Options
June 19, 2019 - The federal government has released much anticipated draft legislation proposing changes to the rules relating to the taxation of stock options. The legislative proposals are expected to come into force on January 1, 2020, and to apply to option agreements entered into after 2019. The release, on...
2019 Federal Budget: Tax Highlights
Mar. 19, 2019 - Budget 2019 is the last federal budget of the current Liberal government before the upcoming federal election in October 2019. Tax-related measures are intended to advance the government’s stated priority of creating a fair tax system. Proposals include changes to the employee stock option rules,...
Chair, Law Society of Ontario, Taxation Issues for Real Estate Lawyers 2018; Toronto, ON
Nov. 20, 2018
2018 Federal Budget: Tax Highlights
Feb. 27, 2018 - As anticipated, today’s federal budget (Budget 2018) focuses on a few targeted areas, including the taxation of passive investments made by private corporations, and does not contain any measures in response to the enactment of tax reform in the United States or relating to the OECD BEPS...
Department of Finance Releases Revised Income Splitting Rules
Dec. 13, 2017 - Earlier this year, the Department of Finance released a set of far-reaching proposals affecting the taxation of private businesses and their shareholders. Only Rip Van Winkle missed the firestorm reaction to these proposals from a broad range of affected parties. Ultimately, the Government...
Canadian Government Proposes Major Changes to the Taxation of Private Corporations
July 18, 2017 - The Canadian Department of Finance released a discussion paper earlier today on tax planning using private corporations. Included with the paper is draft legislation for a couple of the matters discussed in the paper. Finance has requested comments on the discussion paper by October 2, 2017. ...
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