22 Adelaide St W, Suite 3400, Bay Adelaide Centre, East Tower, Toronto, ON
Year called to bar: 1990 (ON); 1993 (New York); 1994 (England & Wales)
Steve is a partner in BLG's Tax Group in Toronto. His practice focuses exclusively on income tax matters including mergers & acquisitions, inbound and outbound investment, corporate restructurings, mining taxation, audit management and dispute resolution. Steve is the founder of Business Tax Canada, a website devoted to Canadian tax issues of interest to non-resident business and investors. Co-chair of the Canadian Chamber of Commerce (Tax & Economics Committee), co-chair of the Toronto Centre Canada Revenue Agency & Tax Professionals Consultation Group, and the Mining Association of Canada (Tax Committee). Past chair of the Ontario Bar Association (Tax Section) and a former member of the CBA–CICA Joint Committee on Taxation. Recognized in The Legal 500 Canada (Tax), The Best Lawyers in Canada (Tax), Who’s Who Legal: Canada (Corporate Tax – Advisory and Controversy), Who’s Who Legal – Thought Leaders (Tax), Chambers Global and Chambers Canada (Tax), the Lexpert Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada (Tax), the International Who’s Who of Corporate Tax Lawyers, and Lexpert Special Edition — Leading Canadian Lawyers in Global Mining. Called to the Ontario Bar in 1990, the New York Bar in 1993, and Roll of Solicitors of England & Wales in 1994.
On August 31, 2018, the Government of Canada indirectly acquired the Trans Mountain Pipeline system and the Trans Mountain Expansion Project (TMEP), through Trans Mountain Corp. (a subsidiary of the Canada Development Investment Corp. (CDEV)) from a subsidiary of Kinder Morgan Canada Ltd. (KML) for cash consideration of $4.5 billion.
Sunovion Pharmaceuticals Inc. (“Sunovion”) completed the acquisition of Cynapsus Therapeutics Inc. (“Cynapsus”) by way of plan of arrangement for approximately $841 million. The acquisition is aligned with Sunovion’s global strategy to expand and diversify its portfolio in key therapeutic areas, including neurology.
On December 23, 2015, The Dow Chemical Company (Dow) completed the sale of its ownership interest in MEGlobal to EQUATE Petrochemical Company K.S.C. (EQUATE) and has received $1.5 billion in pre-tax proceeds.
On June 18, 2015, Alltech, Inc. completed its acquisition of all of the outstanding common shares of Ridley Inc., by way of a plan of arrangement, for approximately $521 million. Before its acquisition, Ridley was publicly traded on the Toronto Stock Exchange and was one of the largest commercial animal nutrition businesses in North America. With the completion of the acquisition, the combined company is a global leader is animal health and nutrition with annual revenues in excess of US$1.6 billion and a presence in 128 countries with 77 manufacturing facilities and approximately 4,200 employees globally.
Allianz Worldwide Partners and The Co-operators completed the merger of their respective Canadian travel insurance companies. The merger of Allianz Global Assistance Canada and TIC Travel Insurance Coordinators has created one of the largest travel insurance providers in the country, operating as Allianz Global Assistance.
Patheon Inc. completed a court-approved statutory plan of arrangement under the Canada Business Corporations Act under which Patheon was acquired for US$9.32 per share in cash resulting in a total enterprise value for Patheon of approximately US$1.98 billion.