R. Ian Crosbie

Partner

R. Ian Crosbie

R. Ian Crosbie

Partner

Bar Admissions
  • Ontario, 1988

“Obviously he has outstanding technical skills, but what sets him apart from other practitioners is that he is thoughtful in his advice, practical, business-oriented and very responsive.”
World Tax

Ian draws on more than 25 years of experience to advise clients on a wide range of domestic and cross-border mergers, acquisitions, investments and financings. Known for his expertise across diverse industries, Ian is relied on by clients for ongoing strategic and general tax advice.

He regularly advises Canada-based multinationals on their international tax matters and assists corporations with their reorganization and restructuring activities. Private equity fund clients turn to Ian for his extensive experience in advising on fund formation and fund investments.

Ian is considered a trusted adviser who brings “a new perspective” to our clients’ issues. (Chambers Canada 2016)

Ian is co-chair, legal, of the HSC Industry Leaders fundraising campaign.

R. Ian Crosbie

Partner

“Obviously he has outstanding technical skills, but what sets him apart from other practitioners is that he is thoughtful in his advice, practical, business-oriented and very responsive.”
World Tax

Ian draws on more than 25 years of experience to advise clients on a wide range of domestic and cross-border mergers, acquisitions, investments and financings. Known for his expertise across diverse industries, Ian is relied on by clients for ongoing strategic and general tax advice.

He regularly advises Canada-based multinationals on their international tax matters and assists corporations with their reorganization and restructuring activities. Private equity fund clients turn to Ian for his extensive experience in advising on fund formation and fund investments.

Ian is considered a trusted adviser who brings “a new perspective” to our clients’ issues. (Chambers Canada 2016)

Ian is co-chair, legal, of the HSC Industry Leaders fundraising campaign.

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Northleaf Capital Partners

Acted for Northleaf Capital Partners in connection with the restructuring of a previously formed evergreen credit fund established for two pension plan investors of Northleaf Capital Partners to facilitate the parties' commercial objectives in light of complex pension regulatory, tax and other challenges.

Mobile Content:

Northleaf Capital Partners

Acted for Northleaf Capital Partners in connection with the formation of an innovative evergreen opportunistic credit fund for a non-taxable US foundation.

Mobile Content:

The Cadillac Fairview Corporation Limited

Acted for The Cadillac Fairview Corporation Limited in (i) its C$295.35 million acquisition of an undivided 50% interest in the Fairview Pointe-Claire shopping centre located in Pointe-Claire, Québec, and its adjacent lands, from Ivanhoe Cambridge, and (ii) its C$232 million sale of an undivided 50% interest in the Galeries d'Anjou shopping centre located in Montréal to Ivanhoe Cambridge. Following the transaction, The Cadillac Fairview Corporation Limited became, directly or indirectly through affiliates, the sole owner of the Fairview Pointe-Claire shopping centre and its adjacent lands, whereas Ivanhoe Cambridge became, directly or indirectly through affiliates, the sole owner of the Galeries d'Anjou shopping centre. 

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Premium Brands Holdings Corporation

Acted for Premium Brands Holdings Corporation in its groundbreaking partnership with a coalition of Mi'kmaq First Nations to jointly acquire Clearwater Seafoods Incorporated, Atlantic Canada's largest wild seafood company, for approximately $1 billion.

Mobile Content:

Sprott Resource Lending Corp.

Acted as tax counsel to Sprott Resource Lending Corp., as lead arranger for its resource lending investment funds, in the financing (of up to US$140 million) of Mudrick Capital Acquisition Corp.'s acquisition of Hycroft Mining Corp., a world-class gold and silver producing operator located in Nevada. The financing comprised a senior credit facility and a net smelter royalty.

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Northleaf Capital Partners

Acted for Northleaf Capital Partners in its strategic sale of a non-controlling interest to Mackenzie Financial Corporation, a subsidiary of IGM Financial Inc., and Great-West Lifeco Inc.

Mobile Content:

InstarAGF Asset Management Inc.

Acted for InstarAGF Asset Management Inc. in the formation of US$1.2-billion InstarAGF Essential Infrastructure Fund II, an infrastructure fund focused on investments in North America, with limited partners from Canada, U.S., Europe and Asia.

Mobile Content:

Sprott Resource Lending Corp.

Acted as tax counsel to Sprott Resource Lending Corp., as lead arranger for its resource lending investment funds, in the financing (of up to US$160 million) of Emerald Resources NL's Okvau Gold Project, which is expected to be the first modern large-scale gold project in Cambodia. The financing comprised a senior credit facility and gold price derivatives.

Mobile Content:

Healthcare of Ontario Pension Plan

Acted for Healthcare of Ontario Pension Plan on its minority equity investment in Herschel Supply Co., a design-driven global lifestyle brand.

Mobile Content:

Canadian Business Growth Fund

Acted for Canada's leading banks and insurance companies to form the Canadian Business Growth Fund, an independent evergreen fund with a national mandate to provide long-term patient, minority capital to entrepreneurs pursuing growth and expansion strategies.

Bulletin
Mobile Content:

Federal Budget 2022: Tax Highlights

Apr. 08, 2022 - On April 7, 2022 (Budget Day), the Honourable Chrystia Freeland, Deputy Prime Minister of Canada and Minister of Finance, delivered the Liberal Party’s federal budget (Budget 2022), the second budget since the start of the COVID-19 pandemic. As part of the Trudeau government’s plan to “grow our...

Bulletin
Mobile Content:

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...

Bulletin
Mobile Content:

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...

Bulletin
Mobile Content:

Canadian and U.S. Tax Laws: A Review of 2018 and a Look Ahead to 2019

Jan. 31, 2019 - In our annual Tax Review and Outlook report, we look back at significant developments in the Canadian and U.S. tax landscapes in 2018 and offer our predictions on what to expect in 2019. Key Canadian Developments in 2018 Budget 2018 scaled back controversial initiative on taxation of...

Bulletin
Mobile Content:

Canadian Tax Laws: A Review of 2018 and a Look Ahead to 2019

Jan. 31, 2019 - Each year at this time we offer a look back at some of the more significant income tax developments in Canada affecting domestic and international business over the past year and a look ahead to possible Canadian tax developments in the coming year. Legislative Developments in 2018

Bulletin
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Tax Court Finds That Broker Fees on a Private Company Sale Were GST/HST-Taxable

May 10, 2018 - The Tax Court of Canada recently released its decision in Barr v. The Queen, 2018 TCC 86, which considered whether share-sale commissions were exempt from HST. The taxpayer was the sole shareholder of a Canadian company. He had retained two brokers for the sale of his company or its...

Bulletin
Mobile Content:

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...

In the News
Mobile Content:

Ian Crosbie Reacts to Federal Court of Appeal Decision in Lawyer’s Daily

Feb. 23, 2018 - In a recent article (available to subscribers) published in The Lawyer’s Daily, Davies partner Ian Crosbie commented on the decision of the Federal Court of Appeal (FCA) in Canada v. Oxford Properties Group Inc. The case centred on a number of transactions undertaken by Oxford...

Bulletin
Mobile Content:

U.S. Tax Laws: A Review of 2017 and a Look Ahead to 2018

Jan. 11, 2018 - Each year at this time, we offer a look back at some of the more significant income tax developments in the United States affecting domestic and international business over the past year and a look ahead to possible U.S. tax developments in the coming year. Tax Developments in 2017 As we...

Bulletin
Mobile Content:

Canadian Tax Laws: A Review of 2017 and a Look Ahead to 2018

Jan. 11, 2018 - Each year at this time we offer a look back at some of the more significant income tax developments in Canada affecting domestic and international business over the past year and a look ahead to possible Canadian tax developments in the coming year. Developments in 2017 1....

Mobile Content:

Chambers Global: The World’s Leading Lawyers for Business—Tax (Band 1)

Mobile Content:

Chambers Canada: Canada’s Leading Lawyers for Business—Tax (Band 1)

Mobile Content:

International Tax Review’s World Tax: The Comprehensive Guide to the World’s Leading Tax Firms—Leading Advisor

Mobile Content:

Tax Directors Handbook

Mobile Content:

The Legal 500 Canada—Tax (Hall of Fame)

Mobile Content:

The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada—Corporate Tax

Mobile Content:

Lexpert Guide to US/Canada Cross-Border Lawyers in Canada—Tax

Mobile Content:

The Canadian Legal Lexpert Directory—Corporate Tax (Most Frequently Recommended); Derivative Instruments; Investment Funds and Asset Management: Investment Funds – Tax

Mobile Content:

The Best Lawyers in Canada—Corporate Law; Leveraged Buyouts and Private Equity Law; Private Funds Law; Tax Law (Lawyer of the Year 2019, Toronto)

Mobile Content:

Who’s Who Legal: Canada—Corporate Tax; Who’s Who Legal: Corporate Tax—Advisory; Who’s Who Legal: Thought Leaders—Corporate Tax

Mobile Content:

Expert Guides’ Best of the Best; Expert Guides—Tax

Bar Admissions
Mobile Content:

Ontario, 1988

Education
Mobile Content:

University of Toronto, LLB, 1986
University of Toronto, BA (Economics & History), 1983

Professional Affiliations
Mobile Content:

Canadian Bar Association
Canadian Tax Foundation
International Fiscal Association

Community Involvement
Mobile Content:

Canadian Tax Journal, Editorial Board
HSC Industry Leaders Fundraising Campaign, legal co-chair
Joint Committee of Taxation of the Canadian Bar Association and the Chartered Professional Accountants of Canada, Executive Committee, president

“Obviously he has outstanding technical skills, but what sets him apart from other practitioners is that he is thoughtful in his advice, practical, business-oriented and very responsive.”
World Tax

Ian draws on more than 25 years of experience to advise clients on a wide range of domestic and cross-border mergers, acquisitions, investments and financings. Known for his expertise across diverse industries, Ian is relied on by clients for ongoing strategic and general tax advice.

He regularly advises Canada-based multinationals on their international tax matters and assists corporations with their reorganization and restructuring activities. Private equity fund clients turn to Ian for his extensive experience in advising on fund formation and fund investments.

Ian is considered a trusted adviser who brings “a new perspective” to our clients’ issues. (Chambers Canada 2016)

Ian is co-chair, legal, of the HSC Industry Leaders fundraising campaign.

Northleaf Capital Partners

Acted for Northleaf Capital Partners in connection with the restructuring of a previously formed evergreen credit fund established for two pension plan investors of Northleaf Capital Partners to facilitate the parties' commercial objectives in light of complex pension regulatory, tax and other challenges.

Northleaf Capital Partners

Acted for Northleaf Capital Partners in connection with the formation of an innovative evergreen opportunistic credit fund for a non-taxable US foundation.

The Cadillac Fairview Corporation Limited

Acted for The Cadillac Fairview Corporation Limited in (i) its C$295.35 million acquisition of an undivided 50% interest in the Fairview Pointe-Claire shopping centre located in Pointe-Claire, Québec, and its adjacent lands, from Ivanhoe Cambridge, and (ii) its C$232 million sale of an undivided 50% interest in the Galeries d'Anjou shopping centre located in Montréal to Ivanhoe Cambridge. Following the transaction, The Cadillac Fairview Corporation Limited became, directly or indirectly through affiliates, the sole owner of the Fairview Pointe-Claire shopping centre and its adjacent lands, whereas Ivanhoe Cambridge became, directly or indirectly through affiliates, the sole owner of the Galeries d'Anjou shopping centre. 

Premium Brands Holdings Corporation

Acted for Premium Brands Holdings Corporation in its groundbreaking partnership with a coalition of Mi'kmaq First Nations to jointly acquire Clearwater Seafoods Incorporated, Atlantic Canada's largest wild seafood company, for approximately $1 billion.

Sprott Resource Lending Corp.

Acted as tax counsel to Sprott Resource Lending Corp., as lead arranger for its resource lending investment funds, in the financing (of up to US$140 million) of Mudrick Capital Acquisition Corp.'s acquisition of Hycroft Mining Corp., a world-class gold and silver producing operator located in Nevada. The financing comprised a senior credit facility and a net smelter royalty.

Northleaf Capital Partners

Acted for Northleaf Capital Partners in its strategic sale of a non-controlling interest to Mackenzie Financial Corporation, a subsidiary of IGM Financial Inc., and Great-West Lifeco Inc.

InstarAGF Asset Management Inc.

Acted for InstarAGF Asset Management Inc. in the formation of US$1.2-billion InstarAGF Essential Infrastructure Fund II, an infrastructure fund focused on investments in North America, with limited partners from Canada, U.S., Europe and Asia.

Sprott Resource Lending Corp.

Acted as tax counsel to Sprott Resource Lending Corp., as lead arranger for its resource lending investment funds, in the financing (of up to US$160 million) of Emerald Resources NL's Okvau Gold Project, which is expected to be the first modern large-scale gold project in Cambodia. The financing comprised a senior credit facility and gold price derivatives.

Healthcare of Ontario Pension Plan

Acted for Healthcare of Ontario Pension Plan on its minority equity investment in Herschel Supply Co., a design-driven global lifestyle brand.

Canadian Business Growth Fund

Acted for Canada's leading banks and insurance companies to form the Canadian Business Growth Fund, an independent evergreen fund with a national mandate to provide long-term patient, minority capital to entrepreneurs pursuing growth and expansion strategies.

Bulletin

Federal Budget 2022: Tax Highlights

Apr. 08, 2022 - On April 7, 2022 (Budget Day), the Honourable Chrystia Freeland, Deputy Prime Minister of Canada and Minister of Finance, delivered the Liberal Party’s federal budget (Budget 2022), the second budget since the start of the COVID-19 pandemic. As part of the Trudeau government’s plan to “grow our...

Bulletin

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...

Bulletin

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...

Bulletin

Canadian and U.S. Tax Laws: A Review of 2018 and a Look Ahead to 2019

Jan. 31, 2019 - In our annual Tax Review and Outlook report, we look back at significant developments in the Canadian and U.S. tax landscapes in 2018 and offer our predictions on what to expect in 2019. Key Canadian Developments in 2018 Budget 2018 scaled back controversial initiative on taxation of...

Bulletin

Canadian Tax Laws: A Review of 2018 and a Look Ahead to 2019

Jan. 31, 2019 - Each year at this time we offer a look back at some of the more significant income tax developments in Canada affecting domestic and international business over the past year and a look ahead to possible Canadian tax developments in the coming year. Legislative Developments in 2018

Bulletin

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...

In the News

Ian Crosbie Reacts to Federal Court of Appeal Decision in Lawyer’s Daily

Feb. 23, 2018 - In a recent article (available to subscribers) published in The Lawyer’s Daily, Davies partner Ian Crosbie commented on the decision of the Federal Court of Appeal (FCA) in Canada v. Oxford Properties Group Inc. The case centred on a number of transactions undertaken by Oxford...

Bulletin

U.S. Tax Laws: A Review of 2017 and a Look Ahead to 2018

Jan. 11, 2018 - Each year at this time, we offer a look back at some of the more significant income tax developments in the United States affecting domestic and international business over the past year and a look ahead to possible U.S. tax developments in the coming year. Tax Developments in 2017 As we...

Bulletin

Canadian Tax Laws: A Review of 2017 and a Look Ahead to 2018

Jan. 11, 2018 - Each year at this time we offer a look back at some of the more significant income tax developments in Canada affecting domestic and international business over the past year and a look ahead to possible Canadian tax developments in the coming year. Developments in 2017 1....

Chambers Global: The World’s Leading Lawyers for Business—Tax (Band 1)

Chambers Canada: Canada’s Leading Lawyers for Business—Tax (Band 1)

International Tax Review’s World Tax: The Comprehensive Guide to the World’s Leading Tax Firms—Leading Advisor

Tax Directors Handbook

The Legal 500 Canada—Tax (Hall of Fame)

The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada—Corporate Tax

Lexpert Guide to US/Canada Cross-Border Lawyers in Canada—Tax

The Canadian Legal Lexpert Directory—Corporate Tax (Most Frequently Recommended); Derivative Instruments; Investment Funds and Asset Management: Investment Funds – Tax

The Best Lawyers in Canada—Corporate Law; Leveraged Buyouts and Private Equity Law; Private Funds Law; Tax Law (Lawyer of the Year 2019, Toronto)

Who’s Who Legal: Canada—Corporate Tax; Who’s Who Legal: Corporate Tax—Advisory; Who’s Who Legal: Thought Leaders—Corporate Tax

Expert Guides’ Best of the Best; Expert Guides—Tax

Bar Admissions

Ontario, 1988

Education

University of Toronto, LLB, 1986
University of Toronto, BA (Economics & History), 1983

Professional Affiliations

Canadian Bar Association
Canadian Tax Foundation
International Fiscal Association

Community Involvement

Canadian Tax Journal, Editorial Board
HSC Industry Leaders Fundraising Campaign, legal co-chair
Joint Committee of Taxation of the Canadian Bar Association and the Chartered Professional Accountants of Canada, Executive Committee, president