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Torys

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The tax practice at Torys is regularly instructed by private equity funds, corporations, pension funds and banks for its support on transactional tax matters including M&A and capital markets mandates, many of which feature a cross-border component. At the helm of the department, Jerald Wortsman specializes in domestic and international corporate tax planning work. ‘Senior statesman’ and transactional specialist Corrado Cardarelli is lauded by one client as ’humble, practical and responsive’, while the ‘very technically skilled’ Gwen Watson places emphasis on M&A and corporate reorganizations. In Calgary, Craig Maurice majors on energy and natural resources tax matters.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Torys has a great team. The lawyers demonstrate across the board knowledge.'

  • ‘Corrado Cardarelli is highly experienced - a senior statesman. He is humble, practical and responsive.'

  • 'Gwen Watson is very technically skilled and practical - she helps bring order to complex issues.'

Key clients

  • Brookfield
  • Kohlberg Kravis Roberts
  • Toronto-Dominion Bank, Bank of Montreal, iA Financial
  • Sunwing Vacations
  • 123Dentist
  • BMO Financial
  • Champion Petfoods
  • Enbridge
  • Fairstone Financial
  • TD Securities
  • Gallatin Point Capital
  • IMEA Canada
  • Majesco
  • Axium Infrastructure

Work highlights

  • Advised Sunwing on its sale to WestJet Group.
  • Advised 123Dentist, a portfolio company of Peloton Capital Management, on its merger with Altima Dental and Lapointe Group.
  • Advised Champion Petfoods on its sale to Mars Petcare.

Lawyers

Leading individuals

Corrado Cardarelli

Torys

With extensive experience, Corrado is a leading tax lawyer in Canada whose creative tax acumen and pragmatic, business-minded thinking assists clients in their complex tax matters.Corrado has deep experience assisting clients with corporate, partnership, trust, foreign and general business taxation work. His practice largely involves structuring domestic, cross-border, and international business transactions. His work regularly focuses on mergers, acquisitions, dispositions, financings, reorganizations and other business restructurings.Corrado also brings sophisticated skill and perspective to structuring collective investment vehicles with domestic, tax-exempt and foreign investors, including REITs and structured products, many of which have involved Canadian and U.S. cross-border aspects. Corrado was notably instrumental in designing Canadian income funds, cross-border income funds and analogous products, including U.S. income securities products.

Jerald Wortsman

Torys

Jerald is known as one of Canada’s leading tax lawyers, with an established track record of developing sophisticated solutions that guide clients through their most challenging and complex tax matters.Head of the firm’s Tax Practice, Jerald gives clients strategic tax counsel across business transactions and financings. His work includes domestic and international corporate tax planning, with an emphasis on complex, large-scale and cross-border mergers and acquisitions, reorganizations and corporate finance. He has significant experience advising domestic and international financial institutions.Jerald regularly works with clients on Canadian and cross-border acquisitions, divestitures and restructurings, and inbound and outbound investments and multinational group structures. He also brings a wealth of tax experience to the structuring and issuance of various financial instruments and other capital markets activity.

Practice head

The lawyer(s) leading their teams.

Jerald Wortsman

Other key lawyers

Corrado Cardarelli, Gwen Watson, Craig Maurice