Indirect Tax

Fiera Foods in its successful appeal from a Canada Revenue Agency ITC reassessment

Osler represented Fiera Foods in its successful appeal from a Canada Revenue Agency reassessment denying almost $6 million in input tax credits (“ITCs”). In Fiera Foods v. His Majesty the King, Justice Owen ruled that the CRA cannot decide on the specific form of documentation...

Lead Office: Toronto Date Closed: September 20, 2023 Value: $6 Million

Hydro One in its proposed $6.7 billion acquisition of Avista

On July 19, 2017, Hydro One Limited and Avista Corporation announced their merger agreement whereby Hydro One would acquire Avista for $6.7 billion. With combined assets totaling $32.2 billion, this transaction would combine two leaders in the regulated utilities domain to serve customers across...

Lead Office: Toronto Date Closed: -- Value: $6.7 billion

Alphora Research in connection with its sale to Eurofins Scientific

On June 9, 2017, Eurofins Scientific has acquired drug ingredient manufacturing and testing services firm Alphora Research Inc. The deal, financial terms of which were not disclosed, will see Mississauga, Canada-based Alphora’s two facilities join Eurofins’ network of drug testing...

Lead Office: Toronto Date Closed: June 9, 2017 Value: -

The Toronto-Dominion Bank in the sale of its indirect home improvement financing assets to Financeit and Concentra

On September 15, 2016, Financeit announced the acquisition of TD Bank’s indirect home improvement financing assets by Financeit, a leading cloud-based point-of-sale financing platform, and Concentra, a leading wholesale finance and trust solutions provider for Canada’s...

Lead Office: Toronto Date Closed: August 31, 2016 Value: $339 million

BMO Financial Group in connection with its acquisition of General Electric Capital Corporation’s Transportation Finance Business

On September 10, 2015, BMO Financial Group (“BMO”), Canada’s fourth-largest lender, announced the acquisition of GE Capital's Transportation Finance business in the U.S. and Canada. The proposed transaction will grow BMO’s U.S. commercial banking business. GE...

Lead Office: Toronto Date Closed: December 1, 2015 Value: -