Tax Law

Income tax planning forms the core of a full-service law firm.

Tax law forms the core of a full-service law firm, touching on all aspects of a multifaceted law practice including estate planning, mergers and acquisitions, corporate and commercial law, securities and financing transactions, real estate law, and family law.

Practice Overview

Steinbergs LLP is a uniquely positioned law firm, standing out as one of a handful of boutique business-oriented firms that have both a vibrant Tax Law Group and Business Law Group. This allows us to provide integrated business and tax law services to our clients.

We have a wealth of experience advising clients with respect to tax matters, which range from basic to complex. Our highly regarded tax lawyers provide sophisticated counsel to various business interests, from small owner-operated businesses and their owners to large multinational corporations including private and public corporations, limited partnerships, private equity firms, and real estate syndications -- in both domestic and cross-border transactions. We provide creative, tax-efficient and cost-effective solutions to tax issues.

Our Tax Group works closely with our clients’ internal tax, accounting and corporate departments, external accounting firms (ranging from national firms to small firms and all sizes in between), financial advisors and investment bankers. Our tax lawyers collaborate with the other practice groups in our firm to advise on tax planning in relation to both corporate transactions and personal matters. We develop and implement our own tax planning as well as implement tax planning of other advisors, particularly accountants.

Mergers and Acquisitions

When purchasing or selling a business or assets, the tax consequences will often play a significant role in determining the structure of the deal. Our Tax Group works closely with our Business Law Group to advise on and implement a tax-efficient structure on purchase and sale transactions. Some of our services include advising on, structuring and implementing:

  • Share transactions;
  • Asset transactions;
  • Pre-sale tax planning;
  • Pre-acquisition tax planning; and
  • Tax due diligence.

Corporate Reorganizations

We have the depth of experience and knowledge to carry our clients’ corporate reorganizations, taking into account their business needs while ensuring the reorganization is conducted in the most tax-efficient manner. Our lawyers have
expertise in:

  • Butterfly transactions;
  • Loss utilization planning;
  • Amalgamations;
  • Wind-ups;
  • Incorporations;
  • Tax-deferred rollover planning; and
  • Tax minimization amongst related groups and shareholders.

Owner Manager/Estate Planning

We advise on and implement tax-effective planning and solutions for individuals and families including owners of privately held businesses, professionals and other high-net-worth individuals with respect to their personal and corporate tax planning needs. In doing so we work with the lawyers in our Business Law; Wills, Trusts and Estates; Family Law; and Real Estate groups. Our team provides solutions for:

  • Estate freezes;
  • Trusts;
  • Succession planning;
  • Tax-structured wills;
  • Post-mortem planning;
  • Tax minimization and remuneration planning; and
  • Shareholder agreements.

Corporate Finance and Private Equity

Our Tax Group works closely with the Business Law Group to assist clients with structuring and implementing transactions, including private placements, private equity investments and debt financing transactions.

International Tax Planning

We regularly advise clients on the tax consequences of cross-border transactions, including acquisitions, sales, financings, partnerships, licensing arrangements, joint ventures and the structuring and restructuring of international groups. Our Tax Group advises international clients on doing business in Canada and helps Canadian clients who are expanding their businesses abroad. We also advise individuals on international tax planning.

Our Tax Group works closely with international advisors to ensure integration between the applicable jurisdictions. We have significant experience working with U.S. advisors (both law firms and accounting firms) on U.S. corporate and personal income and estate tax matters, including:

  •  Inbound and outbound investments and transactions;
  • Cross-border planning for businesses;
  • Transfer pricing;
  • Dual citizens;
  • Immigrating to Canada;
  • Emigrating from Canada; and
  • Foreign trusts.

Commodity Tax

Steinbergs helps clients in all areas of federal and provincial commodity tax, whether it involves the supply, import or acquisition of goods or services. Our Tax Group provides skilled legal advice with respect to sales and other indirect taxes on the purchase and sale of a business, audits and disputes as well as extra-provincial and cross-border transactions.

Testimonials

"It has been amazing working with Marc and the Steinbergs team. We are impressed with the high calibre of work and white-glove service. Steinbergs is large enough to be a full-service law firm, yet small enough to provide a personal touch. Steinbergs provided sophisticated counsel on complex transactions and reorganizations. They were professional, personable and cost-efficient to our clients.

Marc is a fantastic lawyer. He understands the complex intricacies of corporate, commercial, tax law and estate planning. Coupled with his broad knowledge of the other areas of law that are relevant to his core practices, Marc provides an integrated approach to business transactions and tax planning, often ‘quarterbacking’ same by coordinating with other the other lawyers in his firm, the clients’ accountants and corporate finance professionals . Marc takes the time to understand his clients and their business and personal needs and goes above and beyond. He takes the time to spell out legal jargon and makes sure clients understand the legal consequences of transactions they are executing."

Marino Jeyarajah, CPA, CA, Partner RSM Canada, Mergers and Acquisition and Bhavin Oza, CPA, CA, Senior Manager, RSM Canada, Mergers and Acquisition

"Eli Leibowitz and Steinbergs are a pleasure to deal with. Lawyers who understand your issues and get things done."

Jordan Caplan, CPA, CA, Partner Crowe Soberman LLP

Recent Key Projects

  • Acted as tax and corporate counsel on the sale of a US$65 million Canadian re-insurance business to a U.S.-based private equity fund. The sale involved a number of foreign subsidiaries and employee shareholders in various countries. Working with counsel in various countries, we engaged in complex international pre-sale planning for the shareholders and worked with the purchaser’s counsel to accommodate their acquisition planning. Further, a number of shareholders kept a retained interest in the business, rolling over their shares and/or options.
  • Acted as tax and corporate counsel to $1B U.S. corporate group on the operation expansion of a $25 million Canadian technology company into the U.S. We worked with the U.S. department of an international accounting firm on the tax planning from a U.S. tax perspective.
  • Acted as tax and corporate counsel to a corporate group on a tax reorganization of the principal’s shareholdings. The engagement included a subsequent investment by the investment arm of a major bank and amendment and increase of the corporate group’s credit facilities including a share purchase, sale agreement, complex shareholders' agreement and restated and amended credit agreement.

know-how.

"This group is efficient and friendly and I would not hesitate to recommend them to my friends and family."
Glenn Wilkinson

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