About

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.

Whether on a transaction, discrete tax matter or dispute, we bring sophisticated thinking and tax advice that progresses clients’ business objectives. We know how to help clients avoid the problems that can stall a deal or impede its success. When a transaction is complicated by multijurisdictional cash, operations, financing opportunities or targets, we collaborate with clients to find creative solutions for the situation at hand.

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

Provided by Chambers

Tax - Canada

1
Band 1

What the Team is Known For

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

Provided by Torys LLP

  • Torys was the tax counsel for TotalEnergies on the CAD4.03 billion sale of its midstream commitments in the Surmont oil sands project.

Strengths

Provided by Chambers

Notable Practitioners

Provided by Chambers

Jerald M Wortsman
1
Jerald M Wortsman
1
Band 1
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.

He provides first-rate guidance on some of the most technically demanding areas of tax law.

Jerald Wortsman is able to walk you through the relevant matters that need to be addressed.

His ability to provide straightforward solutions is unmatched.

Corrado Cardarelli
2
Corrado Cardarelli
2
Band 2
Corrado Cardarelli provides counsel on tax structures and reorganisations, as well as commercial transactions. He is based in Toronto.

Corrado Cardarelli is a very strong technical lawyer with an easy, approachable manner.

He is humble and provides detailed yet practical advice. He's great to work with.

Martha MacDonald
2
Martha MacDonald
2
Band 2
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.

Her advice for dealing with CRA audits and inquiries is practical, reasonable and effective.

Martha MacDonald is a trusted adviser on many of our most complex tax litigation matters. She is a terrific advocate.

Martha is a very strong tax litigator with creative ideas.

Gwen Watson
4
Gwen Watson
4
Band 4
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 can provide trusted and on-the-spot analysis with confidence.

John J Tobin
4
John J Tobin
4
Band 4
Toronto-based John Tobin advises on acquisitions, reorganisations and securities transactions, as well as contentious mandates concerning the interpretation of tax regulations.
5
Andrew Wong
5
Band 5
Andrew Wong regularly leads on tax aspects of complex transactions. He is experienced in handling deals such as M&A.
Craig Maurice
5
Craig Maurice
5
Band 5
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

Provided by Chambers
Filter by
Band

Canada

Tax

Jerald M Wortsman
1
Jerald M Wortsman
1
Band 1
Corrado Cardarelli
2
Corrado Cardarelli
2
Band 2
Gwen Watson
4
Gwen Watson
4
Band 4
John J Tobin
4
John J Tobin
4
Band 4
5
Andrew Wong
5
Band 5
Craig Maurice
5
Craig Maurice
5
Band 5
Tax: Litigation

Martha MacDonald
2
Martha MacDonald
2
Band 2