On April 16, 2024 (Budget Day) the Honourable Chrystia Freeland, Deputy Prime Minister of Canada and Minister of Finance, delivered the Liberal Party’s federal budget (Budget 2024). Budget 2024 included a number of proposed...more
4/17/2024
/ Canada ,
Capital Gains ,
Clean Energy ,
Debt Forgiveness ,
Employee-Ownership ,
Entrepreneurs ,
Excise Tax ,
Federal Budget ,
Housing Developers ,
Income Tax Act ,
Mutual Funds ,
Popular ,
Rental Property ,
Research and Development ,
Tax Debt ,
Wealth Tax
Davies’ Canadian Mergers & Acquisitions guide draws on our substantial cross-border M&A experience to offer guidance on both the legal framework and practical aspects of Canadian mergers and acquisitions, including critical...more
10/11/2023
/ Anti-Avoidance ,
Business Judgment Rule ,
Canada ,
Change of Control ,
Competition Act ,
CRTC ,
Directors ,
Disclosure Requirements ,
Fiduciary Duty ,
Financing ,
Foreign Private Issuers ,
Hostile Offers ,
Insider Trading ,
Investment Banks ,
Investment Company Act of 1940 ,
Minority Shareholders ,
Ontario Securities Commission (OSC) ,
Public Disclosure ,
Purchase Agreement ,
Regulatory Requirements ,
Related Parties ,
Reorganizations ,
Restructuring ,
Safe Harbors ,
Scheme of Arrangement ,
Securities ,
Securities Regulation ,
Share Sale and Purchase Agreements (SPAs) ,
Shareholders ,
Substantive Rule ,
Takeover Bids ,
Target Company ,
Valuation
The Department of Finance (Finance) released draft tax legislation for public consultation on August 4, 2023, with a stated focus on promoting tax fairness and a clean economy.
The most significant item released is the...more
8/17/2023
/ Business Transfer Agreements ,
Canada ,
Capital Gains ,
Clean Energy ,
Clean Tech ,
Collective Agreements ,
Corporate Counsel ,
Department of Finance ,
Digital Services Tax ,
Employee-Ownership ,
Family Businesses ,
Foreign Affiliates ,
GAAR ,
Income Tax Act ,
OECD ,
Proposed Legislation ,
Share Buybacks ,
Target Company ,
Tax Avoidance ,
Tax Credits ,
Tax Incentives ,
Trusts
As part of the 2023 federal budget, tabled on March 28, 2023, the government has introduced draft legislation to implement a new 2% tax on share buybacks that was first announced in November 2022 as part of the government’s...more
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...more
3/29/2023
/ Alternative Minimum Tax ,
Employee-Ownership ,
Family Businesses ,
Federal Budget ,
GAAR ,
Income Tax Act ,
Mineral Exploration ,
OECD ,
Prime Minister ,
Repurchases ,
Tax Credits ,
Trusts
The Department of Finance (Canada) (Finance) has released revised draft legislation on the proposed rules regarding excessive interest and financing expenses limitation (EIFEL).
The revised draft legislation, released on...more
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...more
8/24/2022
/ Canada ,
Department of Finance ,
Disclosure Requirements ,
Financial Institutions ,
Foreign Subsidiaries ,
GAAR ,
Income Tax Act ,
Internal Revenue Code (IRC) ,
Net Investment Income ,
OECD ,
Partnerships ,
Privately Held Corporations ,
Shareholders ,
Withholding Tax
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...more
4/8/2022
/ Business Transfer Agreements ,
Canada ,
Capital Gains Tax ,
Carbon Capture and Sequestration ,
Coronavirus/COVID-19 ,
Corporate Taxes ,
Department of Finance ,
Disclosure Requirements ,
Federal Budget ,
FHSA ,
Financial Institutions ,
First Time Homebuyers ,
GAAR ,
Income Tax Act ,
Justin Trudeau ,
Lenders ,
Mineral Exploration ,
Popular ,
Prime Minister ,
Proposed Amendments ,
Public Charities ,
Small Business ,
Tax Avoidance ,
Tax Incentives ,
Withholding Tax
Types of M&A Transactions –
– Takeover bids (like a U.S. tender offer)
– Plans of arrangement
– Amalgamations (like a U.S. merger)
– Asset sales
– Share sales (e.g., private purchase of control block)
–...more
11/5/2021
/ Acquisition Agreements ,
Canada ,
Corporate Sales Transactions ,
Cross-Border Transactions ,
Foreign Investment ,
Foreign Investment Entities (FIEs) ,
Foreign Ownership ,
Investment Banks ,
Merger Agreements ,
Plan of Arrangement ,
Takeover Bids ,
Tax Liability