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...
Announcement
Novacap Successfully Closes the First Digital Infrastructure Fund I, Exceeding Target of US$1 Billion
Davies recently acted for Novacap in the closing of the Novacap Digital Infrastructure Fund I, which raised over US$1 billion from existing and new international institutional investors, high-net-worth investors and family offices. This marks a pivotal expansion into digital infrastructure, complementing Novacap’s strong foothold in technology, industrials and financial services.
The Fund began investing in four platform companies: INdigital, All West Communications, Communications Tower Group, and HyScale. These early investments reflect Novacap’s innovative approach to strengthening digital infrastructure solutions.
The Davies team that acted on the closing include: Sébastien Thériault, Elise Beauregard, James O’Shea, Jérôme Cauvier and Sergio I. Rodriguez (Fund Formation); Marie-Emmanuelle Vaillancourt, Jennifer Lee and Eric White (Tax); and Jeff Nadler (Securities).
Related
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...
