Michael N. Kandev

Partner

Michael Kandev

Michael N. Kandev

Partner

Bar Admissions
  • Québec, 2003
    Ontario, 2002

Michael’s clients turn to him for meticulous and innovative tax advice.

Michael provides advice to corporations and individuals on the tax aspects of their transactions, both in Canada and internationally. He works with major Canadian, U.S. and other publicly traded companies, private equity and hedge funds and tax-exempt institutions on investments, financings, mergers and acquisitions, reorganizations and real estate and resource projects. Clients also choose Michael to provide counsel on disputes with tax authorities. He has extensive expertise in international tax issues.

Michael is a frequent speaker at tax conferences in Canada and abroad. He is a contributing editor to the Wolters Kluwer International Tax Journal and is councillor and treasurer of the Canadian branch of the International Fiscal Association.

Michael N. Kandev

Partner

Michael’s clients turn to him for meticulous and innovative tax advice.

Michael provides advice to corporations and individuals on the tax aspects of their transactions, both in Canada and internationally. He works with major Canadian, U.S. and other publicly traded companies, private equity and hedge funds and tax-exempt institutions on investments, financings, mergers and acquisitions, reorganizations and real estate and resource projects. Clients also choose Michael to provide counsel on disputes with tax authorities. He has extensive expertise in international tax issues.

Michael is a frequent speaker at tax conferences in Canada and abroad. He is a contributing editor to the Wolters Kluwer International Tax Journal and is councillor and treasurer of the Canadian branch of the International Fiscal Association.

Mobile Content:

Mountaingate Capital Management II, L.P.

Acted for Mountaingate Capital Management II, L.P. in its strategic investment in Bond Brand Loyalty Group, a leading marketing, customer experience and loyalty software management group.

Mobile Content:

Velan Inc.

Acting for Velan Inc., a global leading manufacturer of industrial valves, in its $329-million all-cash sale and privatization by way of plan of arrangement by Flowserve Corporation, one of the world’s leading providers of fluid motion and control products and services.

Mobile Content:

WideOrbit Inc.

Acted for WideOrbit, Inc., a California-based media vertical software provider, in its sale to Constellation Software Inc. and its subsidiary Lumine Group Inc., and the related spin-out of the combined Lumine Group Inc. as a new public company listed on the TSX-V.

Mobile Content:

Cordis-X

Acted for Cordis-X, the lead investor in the C$34-million Series A funding round by Puzzle Medical Devices Inc., a medical device company specializing in the development of a minimally invasive long-term hemodynamic transcatheter pump.

Mobile Content:

Smile CDR Inc.

Acted for Smile CDR Inc. (doing business as Smile Digital Health), a leading FHIR® health data fabric (HDF) and exchange solutions provider, in its approximately $30-million Series B funding round led by existing investors.

Mobile Content:

Burgundy Diamond Mines Limited

Acting for Burgundy Diamond Mines Limited (BDM) in its proposed US$136-million acquisition of all of the shares of Arctic Canadian Diamond Company Limited, including the world-class Ekati Diamond Mine in Canada’s Northwest Territories, and Arctic Canadian Diamond Marketing N.V. Upon closing, BDM would become one of the largest listed diamond companies globally.

Mobile Content:

ShockWave Medical, Inc.

Acting as Canadian counsel to Nasdaq-listed Shockwave Medical, Inc., in its proposed acquisition of Nasdaq- and TSX-listed British Columbia–based Neovasc Inc., for a total transaction value of up to US$147 million consisting of a purchase price per share of cash and a contingent value right.

Mobile Content:

Interfor Corporation

Acted for Interfor Corporation in its acquisition for over C$325-million of 100% of the equity interests of Kilmer Group-backed Chaleur Forest Products entities.

Mobile Content:

Viking Global Investors LP

Acted for funds affiliated with Viking Global Investors LP in their acquisition of a minority stake in Valsoft Corporation Inc., whose business involves the acquisition and growth of vertical software businesses that provide mission-critical solutions to their clients.

Mobile Content:

Claridge Inc.

Acted for Claridge Inc. in its partnership with Investissement Québec and the Fonds de solidarité FTQ to create an investment vehicle to support Québec food processing companies that show significant growth potential. 

Bulletin
Mobile Content:

Federal Budget 2023 – Major Changes for Business and High Net Worth Individuals

Mar. 28, 2023 - On March 28, 2023 (Budget Day), the Honourable Chrystia Freeland, Deputy Prime Minister of Canada and Minister of Finance, delivered the Liberal Party’s federal budget (Budget 2023). Budget 2023 does not change the corporate and personal tax rates under the Income Tax Act (Act). Instead...

Article
Mobile Content:

The CRA Changes the Channel on Broadcast Rights, co-author

Feb. 01, 2023 - International Tax Highlights, Vol. 2, No. 1
Download the article.

Article
Mobile Content:

Investing In… 2023: Canada chapter, co-author

Jan. 19, 2023 - Chambers Global Practice Guides (Chambers and Partners)
Read the article.

Bulletin
Mobile Content:

Highlights of Canada’s Latest Legislative Tax Proposals

Aug. 23, 2022 - The Department of Finance recently released a package of materials containing potential changes to the Canadian tax system (Tax Proposals). The materials, released on August 9, 2022, include draft amendments to the Income Tax Act (Tax Act) to implement certain measures from the 2022...

Article
Mobile Content:

Anti-Hybrid Rules Arrive (Finally) In Canada, co-author

June 20, 2022 - Tax Notes International, Vol. 106, No. 12 (Tax Analysts)
Download this article.

Article
Mobile Content:

UK Upper Tribunal on Multilingual Tax Treaty Interpretation: The RBC v. HMRC Decision, co-author

June 01, 2022 - Wolters Kluwer International Tax (Wolters Kluwer)
Download the article.

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...

Article
Mobile Content:

Canadian Supreme Court Upholds Loblaw’s Offshore Bank Structure, co-author

Feb. 28, 2022 - Tax Notes International, Vol. 105, No. 9 (Tax Analysts)
Download this article.

Bulletin
Mobile Content:

Top Court Blesses Treaty-Shopping Arrangement: The Alta Energy Decision

Dec. 14, 2021 - The Supreme Court of Canada (SCC) recently rendered its eagerly awaited decision in Canada v Alta Energy Luxembourg S.A.R.L., 2021 SCC 49 (Alta Energy). Six of the nine justices held that the Canadian statutory general anti-avoidance rule (GAAR) did not apply to deny treaty...

Article
Mobile Content:

Canada at the Crossroads of International Tax Reform: Between Harmonization and Tax Competition, co-author

Oct. 26, 2021 - Bulletin for International Taxation, Vol. 75, No. 11/12 (IBFD)
Read the article (available for purchase).

Mobile Content:

Chambers Global: The World’s Leading Lawyers for Business—Tax

Mobile Content:

Chambers Canada: Canada’s Leading Lawyers for Business—Tax

Mobile Content:

International Tax Review’s World Tax: The Comprehensive Guide to the World’s Leading Tax Firms—General Corporate Tax (Rising Star)

Mobile Content:

Lexpert Special Edition: Finance and M&A

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); Estate and Personal Tax Planning: Estate and Tax Planning; Investment Funds and Asset Management: Investment Funds – Tax

Mobile Content:

The Best Lawyers in Canada—Mergers and Acquisitions Law; Tax Law

Mobile Content:

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

Bar Admissions
Mobile Content:

Québec, 2003
Ontario, 2002

Education
Mobile Content:

Canadian Institute of Chartered Accountants, In-Depth Tax Course
Universiteit Leiden, LLM (International Taxation) (Cum Laude), 2006
McGill University, BCL/LLB (with Great Distinction), 2001

Professional Affiliations
Mobile Content:

Association de planification fiscale et financière
Canadian Tax Foundation
International Fiscal Association

Community Involvement
Mobile Content:

International Fiscal Association, Canada Council, councillor and treasurer
Wolters and Kluwer International Tax Journal, contributing editor

Teaching Engagements
Mobile Content:

Michael has lectured on taxation at McGill University and Université de Montréal.

Michael’s clients turn to him for meticulous and innovative tax advice.

Michael provides advice to corporations and individuals on the tax aspects of their transactions, both in Canada and internationally. He works with major Canadian, U.S. and other publicly traded companies, private equity and hedge funds and tax-exempt institutions on investments, financings, mergers and acquisitions, reorganizations and real estate and resource projects. Clients also choose Michael to provide counsel on disputes with tax authorities. He has extensive expertise in international tax issues.

Michael is a frequent speaker at tax conferences in Canada and abroad. He is a contributing editor to the Wolters Kluwer International Tax Journal and is councillor and treasurer of the Canadian branch of the International Fiscal Association.

Mountaingate Capital Management II, L.P.

Acted for Mountaingate Capital Management II, L.P. in its strategic investment in Bond Brand Loyalty Group, a leading marketing, customer experience and loyalty software management group.

Velan Inc.

Acting for Velan Inc., a global leading manufacturer of industrial valves, in its $329-million all-cash sale and privatization by way of plan of arrangement by Flowserve Corporation, one of the world’s leading providers of fluid motion and control products and services.

WideOrbit Inc.

Acted for WideOrbit, Inc., a California-based media vertical software provider, in its sale to Constellation Software Inc. and its subsidiary Lumine Group Inc., and the related spin-out of the combined Lumine Group Inc. as a new public company listed on the TSX-V.

Cordis-X

Acted for Cordis-X, the lead investor in the C$34-million Series A funding round by Puzzle Medical Devices Inc., a medical device company specializing in the development of a minimally invasive long-term hemodynamic transcatheter pump.

Smile CDR Inc.

Acted for Smile CDR Inc. (doing business as Smile Digital Health), a leading FHIR® health data fabric (HDF) and exchange solutions provider, in its approximately $30-million Series B funding round led by existing investors.

Burgundy Diamond Mines Limited

Acting for Burgundy Diamond Mines Limited (BDM) in its proposed US$136-million acquisition of all of the shares of Arctic Canadian Diamond Company Limited, including the world-class Ekati Diamond Mine in Canada’s Northwest Territories, and Arctic Canadian Diamond Marketing N.V. Upon closing, BDM would become one of the largest listed diamond companies globally.

ShockWave Medical, Inc.

Acting as Canadian counsel to Nasdaq-listed Shockwave Medical, Inc., in its proposed acquisition of Nasdaq- and TSX-listed British Columbia–based Neovasc Inc., for a total transaction value of up to US$147 million consisting of a purchase price per share of cash and a contingent value right.

Interfor Corporation

Acted for Interfor Corporation in its acquisition for over C$325-million of 100% of the equity interests of Kilmer Group-backed Chaleur Forest Products entities.

Viking Global Investors LP

Acted for funds affiliated with Viking Global Investors LP in their acquisition of a minority stake in Valsoft Corporation Inc., whose business involves the acquisition and growth of vertical software businesses that provide mission-critical solutions to their clients.

Claridge Inc.

Acted for Claridge Inc. in its partnership with Investissement Québec and the Fonds de solidarité FTQ to create an investment vehicle to support Québec food processing companies that show significant growth potential. 

Article

The CRA Changes the Channel on Broadcast Rights, co-author

Feb. 01, 2023 - International Tax Highlights, Vol. 2, No. 1
Download the article.

Article

Investing In… 2023: Canada chapter, co-author

Jan. 19, 2023 - Chambers Global Practice Guides (Chambers and Partners)
Read the article.

Bulletin

Highlights of Canada’s Latest Legislative Tax Proposals

Aug. 23, 2022 - The Department of Finance recently released a package of materials containing potential changes to the Canadian tax system (Tax Proposals). The materials, released on August 9, 2022, include draft amendments to the Income Tax Act (Tax Act) to implement certain measures from the 2022...

Article

Anti-Hybrid Rules Arrive (Finally) In Canada, co-author

June 20, 2022 - Tax Notes International, Vol. 106, No. 12 (Tax Analysts)
Download this article.

Article

UK Upper Tribunal on Multilingual Tax Treaty Interpretation: The RBC v. HMRC Decision, co-author

June 01, 2022 - Wolters Kluwer International Tax (Wolters Kluwer)
Download the article.

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...

Article

Canadian Supreme Court Upholds Loblaw’s Offshore Bank Structure, co-author

Feb. 28, 2022 - Tax Notes International, Vol. 105, No. 9 (Tax Analysts)
Download this article.

Bulletin

Top Court Blesses Treaty-Shopping Arrangement: The Alta Energy Decision

Dec. 14, 2021 - The Supreme Court of Canada (SCC) recently rendered its eagerly awaited decision in Canada v Alta Energy Luxembourg S.A.R.L., 2021 SCC 49 (Alta Energy). Six of the nine justices held that the Canadian statutory general anti-avoidance rule (GAAR) did not apply to deny treaty...

Article

Canada at the Crossroads of International Tax Reform: Between Harmonization and Tax Competition, co-author

Oct. 26, 2021 - Bulletin for International Taxation, Vol. 75, No. 11/12 (IBFD)
Read the article (available for purchase).

Chambers Global: The World’s Leading Lawyers for Business—Tax

Chambers Canada: Canada’s Leading Lawyers for Business—Tax

International Tax Review’s World Tax: The Comprehensive Guide to the World’s Leading Tax Firms—General Corporate Tax (Rising Star)

Lexpert Special Edition: Finance and M&A

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); Estate and Personal Tax Planning: Estate and Tax Planning; Investment Funds and Asset Management: Investment Funds – Tax

The Best Lawyers in Canada—Mergers and Acquisitions Law; Tax Law

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

Bar Admissions

Québec, 2003
Ontario, 2002

Education

Canadian Institute of Chartered Accountants, In-Depth Tax Course
Universiteit Leiden, LLM (International Taxation) (Cum Laude), 2006
McGill University, BCL/LLB (with Great Distinction), 2001

Professional Affiliations

Association de planification fiscale et financière
Canadian Tax Foundation
International Fiscal Association

Community Involvement

International Fiscal Association, Canada Council, councillor and treasurer
Wolters and Kluwer International Tax Journal, contributing editor

Teaching Engagements

Michael has lectured on taxation at McGill University and Université de Montréal.