Jack Silverson

Jack Silverson

Partner, Tax

Key Contact: Private Equity and Pension Fund Investments

Contact Information

jsilverson@osler.com

tel: 416.862.5678

Office

Toronto

Jack specializes in taxation with a focus on the income tax aspects of corporate finance, including developing debt, equity and trust financings, mergers and acquisitions and reorganizations. He has extensive experience with respect to advising tax exempt entities, real estate investment trusts and income funds. During 1991–1992, Jack was seconded as the Special Advisor to the Director of the Current Amendments and Regulations Division of Revenue Canada and is a former member of the CBA-CICA Joint Committee on Taxation. Jack is cross-appointed to the Pensions & Benefits Department and was recently appointed as head of the Osler Pension Investment Group.

  • Dream Industrial REIT

    Dream Industrial REIT in its $5.9 billion acquisition, in partnership with a leading global sovereign wealth fund, of Summit Industrial Income REIT

  • DREAM Asset Management Corporation

    Dream Residential REIT’s US$125.1 million initial public offering

  • Oak Street Real Estate Capital

    Oak Street Real Estate Capital in the acquisition of Western Canadian Place

  • Dream Industrial REIT

    Dream Industrial REIT in its $850 million European logistics portfolio acquisition and associated financing

  • Dream Industrial REIT

    Dream Industrial REIT in its $800 million debenture offering and inaugural green bond issuance

  • KingSett Capital

    KingSett Capital in its sale of VersaCold Logistics to TorQuest Partners

  • Canadian Student Housing Limited Partnership

    OPTrust and Blue Vista Capital Management’s student housing acquisitions

  • KingSett Capital

    KingSett Capital on behalf of KingSett Real Estate Growth LP No.7, KingSett Canadian Real Estate Income Fund and other investors, in connection with its $4.9 billion acquisition, with Starlight Investments, of Northview Apartment REIT

  • Dream Industrial REIT

    Dream Industrial REIT in its $250 million private placement of senior unsecured debentures

  • Chartwell Retirement Residences

    Chartwell in its $269.5 million trust unit offering

  • Dream Global REIT

    Dream Global REIT in its $6.2 billion acquisition by Blackstone

  • RBC Capital Markets

    The syndicate of underwriters in European Residential REIT’s $167 million offering

  • RBC Capital Markets

    RBC Capital Markets in CAPREIT’s $345 million equity financing

  • RBC Capital Markets

    RBC Capital Markets in CAPREIT’s $250 million completed offering and over-allotment option

  • Ventas, Inc.

    Ventas in its acquisition of a high quality Canadian seniors housing portfolio valued at $2.4 billion in partnership with Le Groupe Maurice

  • SmartCentres REIT

    SmartCentres in its $230 million bought deal equity offering

  • Enercare Inc.

    An institutional partner of Brookfield in connection with Brookfield Infrastructure’s $4.3 billion acquisition of Enercare Inc.

  • CT REIT

    Syndicate of agents co-led by TD Securities and Scotiabank in connection with the $200 million issue of series F senior unsecured debentures by CT REIT

  • Blackstone Property Partners

    Blackstone Property Partners in its acquisition of Pure Industrial Real Estate Trust for $3.8 billion

  • SmartCentres REIT

    SmartCentres REIT in connection with its $500 Million issue of investment grade Senior Unsecured debentures including $250 million 3 year Series R floating rate and $250 million 10 year Series S fixed rate debentures

  • Kinder Morgan Canada Limited

    Syndicate of underwriters co-led by Scotia Capital Inc. CIBC World Markets Inc., RBC Dominion Securities Inc. and TD Securities Inc. in the $300 million public offering of preferred shares of Kinder Morgan Canada Limited

  • SmartREIT

    SmartREIT and Strathallen Acquisitions Inc. in the acquisition of all of the assets and liabilities of OneREIT for $1.1 billion

  • Ontario Pension Board

    Ontario Pension Board in the outsourcing of its investment management operations to a $60 billion new investment management entity, the Investment Management Corporation of Ontario (IMCO)

    • Advising Oxford/OMERS Realty Corporation with respect to the acquisition of 7 Canadian landmark hotels and with respect to the acquisition of indirect interests in a number of English office properties including Mid-City Place in London, the London Stock Exchange’s headquarters, a landmark shopping centre in the Royal Exchange across the street from the Bank of England, an office and retail complex in St. James’s Market in London. (known as the Cheese Grater Building), Green Park Business Park in Reading, and London Wall Place in London
    • Advised OPB on the implications of their participation in a KingSett Capital-led consortium, to purchase Primaris Retail REIT and its leading portfolio of 26 major retail shopping centres and other properties
    • Advised OPB on a debenture offering by a finance trust valued at $500 million – one of the few successful implementations of such an offering by a public sector pension plan in Canada, followed a year later by an additional debenture offering of $250 million
    • Advised OPB in report of Investments in numerous and various domestic and international funds
    • Advised Dundee Realty Corporation with a multi-step reorganization that reorganized the revenue properties of Dundee Realty into Dundee Realty Estate Investment Trust, a publicly traded REIT and subsequent follow on capital markets offerings
    • Advised Fording Inc. with the combination of its metallurgical Coal business with the metallurgical coal businesses of Teck Cominco Ltd. and Sherritt Coal Partnership II to form Fording Canada Coal Trust
    • Advised Issuers or underwriters on the formation of a number of income funds including the Teranet Income Fund, CanWest MediaWorks Income Fund, Pizza Pizza Royalty Income Fund, Second Cup Royalty Income Fund, InnVest REIT and the Home Equity Income Trust
    • Advised CanWest Global Communications in its privatization of CanWest MediaWorks Income Fund
  • Find More

  • Best Lawyers in Canada: Recognized in Tax Law
  • Martindale Hubbell: BV Distinguished (4.4 out of 5 Rating)
  • Who's Who Legal: Recognized in Corporate Tax - Canada

  • Canadian Petroleum Tax Society
  • Canadian Tax Foundation
  • Canadian Bar Association, Tax Section

  • Impact of Mandatory Disclosure Rules on the Relationship Between Tax Lawyers and Their Clients, Perspectives on Tax Law & Policy, Canadian Tax Foundation, Volume 4, Number 3, September 2023
  • Canada’s Reportable Transaction Rules: A Measured Approach to Adviser Reporting. Tax Notes International, Volume 111, July 2023 (co-authored with Matias Milet)
  • Demystifying the New SIFT Conversion Rules, Canadian Institute January 15, 2009 (co-authored with Lloyd Heine).
  • Mergers and Acquisitions of REITS, Federated Press, January 2009.