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Timothy  Hughes

Timothy Hughes

Partner, Taxation

Key Contact: Derivatives


Contact Information

thughes@osler.com

tel: 416.862.6573

Office

Toronto

Bar Admission

Ontario, 2000

Education
  • Oxford University, B.C.L.
  • Dalhousie University, LL.B.
  • Queen’s University, B.Mus.
Language(s)
English

Timothy leads the capital markets tax practice at Osler. He advises on a wide range of corporate finance transactions, from traditional IPOs and private placements to innovative financial instruments, including hybrid securities, Basel III compliant capital, securitizations, securities loans, and derivatives. He acts for Canadian and foreign financial institutions and other capital markets participants, including global investment banks, dealers, exchanges and clearing houses. He provides advice to domestic and offshore hedge funds, pension plans, ETFs, and mutual funds.

Timothy sits on the Osler Partnership Board and is Co-chair of the Firm’s UK Desk.

  • BMO

    BMO in its US$500 million inaugural additional Tier 1 note offering

  • CIBC World Markets

    CIBC World Markets in Osisko Gold Royalties' $110.7M secondary bought deal offering

  • goeasy Ltd.

    The underwriters in the $46.46 million bought deal offering of goeasy Ltd. common shares by way of a prospectus supplement filed on October 1, 2018

  • Caterpillar Financial Services Limited

    The dealers in an offering of medium term notes by Caterpillar Financial Services Limited

  • MAV Beauty Brands Inc.

    The Underwriters in connection with MAV Beauty Brands Inc.’s $242 million IPO

  • TELUS Corp.

    The Underwriters in TELUS Corporation's offering of 4.6% notes for US$750 million

  • Canada Goose Holdings Inc.

    The Underwriters in the US$630 million secondary offering of Canada Goose Holdings Inc.

  • Ceridian HCM Holding Inc.

    The Underwriters in connection with Ceridian HCM Holding Inc.'s IPO

  • Enbridge Inc.

    The syndicate of underwriters in the US$600 million hybrid note offering by Enbridge

  • Enbridge Inc.

    The underwriters in the US$850 million hybrid note offering by Enbridge

  • Emera Inc.

    Emera Inc. in its bought deal offering of common shares for $700 million

  • Roots Corporation

    Underwriters in connection with the IPO of Roots Corporation on the TSX

  • JP Morgan Chase & Co.

    JP Morgan Chase & Co. in its acquisition of WePay Inc.

  • The Bank of Nova Scotia

    The Bank of Nova Scotia in its launch of a new form of Additional Tier 1 Capital

  • Purpose Investments Inc.

    Purpose Investments Inc. in its acquisition of LOGiQ Asset Management for approximately $32 million

  • Canada Goose Holdings Inc.

    Underwriters in connection with the $391 million IPO of Canada Goose Holdings Inc. on the NYSE and the TSX

  • Syndicate of underwriters co-led by Scotia Capital Inc., CIBC World Markets Inc., RBC Dominion Securities Inc. and TD Securities Inc.

    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

  • Underwriters on the IPO of Jamieson Wellness

    Underwriters in connection with the $345 million IPO of Jamieson Wellness on the TSX

  • Enbridge Inc.

    The underwriters in the US$1 billion hybrid note offering by Enbridge

  • Underwriters in connection with Alignvest Acquisition II Corporation’s IPO

    The Underwriters in connection with the $403 million IPO by Alignvest Acquisition II Corporation on the TSX

  • TELUS Corp.

    Syndicate of underwriters in TELUS Corp's debt offerings

    • Advising Canadian and non-Canadian banks and other corporations in negotiating derivative arrangements (including within the ISDA, GMRA and GMSLA frameworks).
    • Advising Canadian public companies on balance sheet and other hedging arrangements.
    • Advising Canadian tax-exempt investors on the use of derivatives as a substitute for direct investment.
    • Advising Canadian investment funds and other market participants regarding compliance with tax rules concerning derivative forward agreements, synthetic equity arrangements and synthetic disposition arrangements.
    • Advising Canadian and international intermediaries on the tax treatment of securities lending transactions with Canadian counterparties and over Canadian securities.
    • Establishing and restructuring securitization vehicles.
  • Find More

Lexpert

  • The Canadian Legal Lexpert Directory, 2019: Derivative Instruments

Legal 500

  • The Legal 500, 2019: Recommended Lawyer, Tax.

Financial Times

  • Highly Commended by the Financial Times 2016 North American Innovative Lawyers Awards for structuring rating agency hybrid notes issued by Emera Inc. as part of US$ 6.2 billion in concurrent offerings.

  • Ontario Bar Association
  • Canadian Tax Foundation
  • International Fiscal Association