This program is split into 2 parts: the first two sessions will be presented in French and the second half of the program will be in English. Tune in to either the French or English (or both!). Note that the content is unique for each session.

Wednesday, July 7, 2021

9:55am
10:00am

Opening Remarks

Lauzanne Bernard Normand,
Deloitte Legal, Montréal

FOCUS SUR L'IMPACT DES RÉCENTES DÉCISIONS QUÉBÉCOISES ET DES ASPECTS UNIQUES DU DROIT FISCAL QUÉBÉCOIS SUR LES RÉORGANISATIONS D'ENTREPRISES ET M&A

10:00am
11:00am

(presentation will be in French)

Cette séance portera sur les récents développements législatifs et jurisprudentiels québécois touchant les fusions et acquisitions. En particulier, le panel examinera l'impact des nouvelles règles de divulgation obligatoire et de la RGAÉ et des pénalités fictives sur la planification fiscale en général et les transactions en particulier. Le panel discutera également de cas récents de la Cour du Québec et de la Cour d'appel du Québec portant sur l'utilisation des pertes à l'interne, le fractionnement des gains en capital et la planification avec les fiducies familiales, la RGAÉ, des séries de transactions, entre autres.

Conférenciers:
Alain Fournier,
Osler, Hoskin & Harcourt LLP, Montréal
Olivier Fournier,
Deloitte Legal Canada LLP, Montréal
Martin Legault,
Fasken, Montréal


Modérateur:
Serge Bilodeau, KPMG LLP, Montréal

11:00am
11:05am

Question Period

L'IMPACT DES NOUVELLES POSITIONS ADMINISTRATIVES ET DES DÉCISIONS RÉCENTES SUR LA PRATIQUE EN FUSIONS ET ACQUISITIONS

11:05am
12:05pm

(presentation will be in French)

Les conférenciers se pencheront sur l’impact des décisions récentes et des nouvelles positions administratives sur la pratique en fusions et acquisitions.  Plus spécifiquement, ils aborderont les sujets suivants :

  • l’impact des nouveaux développements en matière d’acquisition de contrôle;
  • les effets de la continuation des attributs fiscaux (la décision Deans Knight);
  • les conséquences possibles des derniers développements sous l’article 160 LIR sur la vérification diligente;
  • les transactions hybrides;
  • les planifications impliquant l’augmentation des attributs fiscaux à l’interne (« internal step-up transactions »);
  • la planification affectant le compte de dividende en capital.


Conférenciers:
Dominic Belley, Norton Rose Fulbright, Montréal
Martin Boiteau ,
PricewaterhouseCoopers LLP, Québec
Patrice Lalande,
PricewaterhouseCoopers LLP, Montréal

Modérateur:
Serge Bilodeau, KPMG LLP, Montréal

12:05pm
12:10pm

Question Period

12:10pm
12:45pm

Health Break
SPACS, IPOS AND OTHER LIQUIDITY EVENTS
SPAC FUNDAMENTALS & KEY TAX CONSIDERATIONS

12:45pm
1:30pm

(presentation will be in English)

 

A Primer on Special Purpose Acquisition Corporations

  • What is a SPAC?
  • SPAC Process & Timeline
  • Overview of Canadian Securities Laws Considerations
  • Overview of Canadian Tax Considerations

Presenters:
Karine Bilodeau, Stikeman Elliott, Montréal
Nathaniel Lacasse,
Stikeman Elliott, Montréal


Moderator:
Claude Jodoin, Fasken, Montréal

1:30pm
1:35pm

Question Period 
CROSS-BORDER SPAC TRANSACTIONS (COVERING IN-BOUND AND OUT-BOUND INVESTMENTS)

1:35pm
2:35pm

(presentation will be in English)

This session will focus on tax issues applicable to the formation of SPACs and the structuring of de-SPAC transactions in the Canada-U.S. cross-border context.  In particular, this discussion will address U.S. and Canadian tax considerations applicable to U.S. SPACs de-SPACing with Canadian targets (including issues related to U.S. and Canadian tax-free rollovers and inversions).  We will also address cross-border tax considerations applicable to non-U.S. SPACs de-SPACing with Canadian targets (including PFIC matters and rollover considerations).

Presenters:
Mark Brender,
 Osler Hoskin & Harcourt, Montréal
Paul Seraganian, Osler Hoskin & Harcourt, New-York

Moderator:
Claude JodoinFasken, Montréal

2:35pm
2:40pm

Question Period 

2:40pm
3:00pm

Health Break
TAX ASPECTS OF IPOS

3:00pm
3:45pm

(presentation will be in English)

Going public in the 2000s has taken different shapes and structures, whether by direct listing, reverse take-over or involving a SPAC. Each such structure presents a number of tax issues, challenges and opportunities. The change in status from a private corporation to a public entity (or controlled by a public entity requires one to examine issues at the corporate and shareholder/employee levels, including:

  • Effect on incentives and tax attributes of the corporation (CDA, PUC issues, safe income etc) and planning opportunities;
  • ESOP: differences in the plans between public and private, planning opportunities for the existing option holders;
  • Capital gains exemptions, elections, do all structures of IPO qualify?
  • Shares as qualified investments
  • IPO expenses

 

Presenters:
Manon Thivierge
, Osler Hoskin & Harcourt, Montréal
Derek Chiasson, Norton Rose Fulbright, Montréal

Moderator:
Frank Mathieu, Stikeman Elliott S.E.N.C.R.L.,s.r.l., Montréal

3:45pm
3:50pm

 Question Period 
ACQUISITION STRUCTURING AND RELATED TAX ISSUES IN OTHER LIQUIDITY EVENTS

3:50pm
4:45pm

(presentation will be in English)

Tax consequences are a crucial factor in structuring M&A deals. The speakers will go over common acquisition structures (other than IPOs and SPACs) and will review a range of tax considerations for buyers and sellers in the context of M&A transactions, such as financing, employee compensation/retention, earnout, pre-closing planning, break-up fees, etc. Practical examples and current transaction structures will be used to illustrate relevant issues.

 

Presenters: 
Julie Bouthillier, KPMG LLP, Montréal
Caroline Morin
, PwC Canada, Vancouver
Marie-Emmanuelle Vaillancourt
, Davies Ward Phillips & Vineberg
, Montréal

Moderator:
Frank Mathieu
, Stikeman Elliott S.E.N.C.R.L.,s.r.l., Montréal

4:45pm
4:55pm

Question Period 

4:55pm

 Adjournment
Program is subject to change. Please check back frequently for the most up-to-date version

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