Email address
[email protected]Contact number
+1 416 865 0040About
Provided by Torys LLP
We are a full-service tax team with a long history managing complex, large-scale and cross-border transactions and structuring challenges, as well as all phases of tax controversy.
We advise on the likelihood of success on audit and how to present transactions to tax authorities to reduce the risk of reassessment. When a tax dispute arises, we handle all phases of tax controversy. With full-service tax capabilities in our Canadian and New York offices, we have regular exposure to evolving tax structures in both jurisdictions. Our clients are financial institutions, multinationals, and domestic companies, and we are also longstanding counsel to Canada’s largest pension funds and asset managers.
Chambers Review
Torys possesses a solid tax team with strong capabilities in the financial services sector. Its Toronto, Montréal and Calgary-based tax lawyers regularly advise on the tax aspects of prominent transactions handled by the firm's standout corporate practice. The firm is also known for its large tax advisory group, including its robust cross-border tax planning expertise bolstered by its New York office. It is additionally well regarded for its strength in tax controversy and litigation.
Work Highlights
- The team at Torys advised Brookfield on the tax aspects of the spin-off of a 25% interest in its asset management business.
Strengths
Provided by Chambers
"I rate the depth and breadth of the Torys tax team and its commercial awareness very highly."
"The lawyers are very technical and client-focused."
"I really enjoy working with Torys. I find the lawyers' advice to be very concise, digestible and strong in understanding complexities and deviations."
"Torys' lawyers work very well as an integrated team, and they are very commercial."
"This is a very experienced, thorough and thoughtful team."
"I rate the depth and breadth of the Torys tax team and its commercial awareness very highly."
"The lawyers are very technical and client-focused."
"I really enjoy working with Torys. I find the lawyers' advice to be very concise, digestible and strong in understanding complexities and deviations."
"Torys' lawyers work very well as an integrated team, and they are very commercial."
"This is a very experienced, thorough and thoughtful team."
Notable Practitioners
Jerald Wortsman enjoys an outstanding reputation in the Canadian tax market. He is particularly noted for his strong relationships across the financial services sector, from high-street banks to a host of private investors, including REITs and pension funds. Based in Toronto, he is the head of the firm's tax practice.
"Jerald Wortsman is the best - he is a genius, a pleasure to deal with and a flexible thinker; he will truly think about an issue from all directions."
"He has a very profound technical knowledge coupled with great understanding of the business."
Corrado Cardarelli provides counsel on tax structures and reorganisations, as well as commercial transactions. He is based in Toronto.
"Despite his experience, Corrado Cardarelli is humble and thoughtful, which makes him a pleasure to work with."
Martha MacDonald handles a range of tax disputes, including those relating to transfer pricing, for clients including financial institutions. She leads the firm's tax controversy practice from Toronto.
"Martha MacDonald is very bright and extraordinarily knowledgeable in the tax controversy space."
"Martha takes a very practical approach to litigation, and is strong in walking through and explaining complex tax issues."
Gwen Watson impresses for her role as lead tax adviser on a number of transformative agreements, including acquisitions and corporate reorganisations. She is based in Toronto.
"Gwen Watson is very technical yet very easy to deal with."
Toronto-based John Tobin advises on acquisitions, reorganisations and securities transactions, as well as contentious mandates concerning the interpretation of tax regulations.
Andrew Wong regularly leads on tax aspects of complex transactions. He is experienced in handling deals such as M&A.
"Andrew has been a great legal tax adviser to work with."
Calgary-based Craig Maurice acts as a tax adviser across a range of different transactions, including acquisitions, investments and project finance, as well as corporate restructuring.
Ranked Lawyers at
Torys LLP
Canada
Members
Provided by Torys LLP
Craig Maurice
Gwen Watson