Jan. 31, 2025 - First published by the Canadian Tax Foundation in (2024) 72:4 Canadian Tax Journal. Treaty Provides Unique Benefits To Canadians Migrating To The United States Canadians who emigrate to the United States or elsewhere face many decisions and considerations...
Davies Earns Top Tier Rankings in World Tax 2023
International Tax Review (ITR) has once again ranked Davies as Tier 1 in the areas of Tax, Tax Controversy, and Transactional Tax in its 2023 World Tax guide.
Some of our notable tax work over the past year includes advising:
- Kansas City Southern as Canadian counsel in its transformative US$31-billion merger with Canadian Pacific Railway to create the first U.S.-Mexico-Canada rail network – the biggest Canadian M&A transaction launched in 2021;
- Agnico Eagle Mines Limited in its merger of equals with Kirkland Lake Gold Ltd. to create a US$30-billion combined company and the gold industry's highest-quality senior producer;
- Cominar REIT in its C$5.7-billion sale to Iris Acquisition II LP – an entity created by a consortium led by Canderel Real Estate Property – one of the largest and most complex M&As in the Canadian real estate sector; and
- estate trustees of Barry and Honey Sherman in a precedent-setting appeal to the Supreme Court of Canada involving privacy rights in the digital age, particularly related to tax information and filings.
World Tax is ITR’s annual guide to the leading tax practitioners in more than 120 jurisdictions globally, as determined by client and peer feedback, and evidence of outstanding work in the past year.
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Federal Court of Appeal Confirms CRA Can Collect Arrears Interest Despite Absence of a Tax Debt
Dec. 04, 2024 - The Federal Court of Appeal (FCA) recently dismissed the Bank of Nova Scotia’s (BNS) appeal and upheld the Canada Revenue Agency’s (CRA) practice of charging arrears interest on a non-existent tax debt where audit adjustments increase taxable income that is offset by the carryback of a loss...