On December 16, 2010, the Department of Finance announced proposed amendments to the rules in the Income Tax Act (Canada) applicable to real estate investment trusts. The amendments address certain concerns that real estate investment trusts encountered when attempting to restructure their operations to comply with the existing Qualifying REIT Rules. The amendments also clarify, and in some respects restrict, the scope of the existing exception for qualifying real estate investment trusts.
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Financial Services Regulatory
Obligations and Opportunity - Budget 2024’s Impact on the Blockchain Industry
As crypto-assets become subject to further regulation both domestically and globally, industry players find themselves presented not only with new obligations but also with new opportunities. Canada’s… -
Tax
Policy Forum: Cognitive Bias as a Factor in Determining the Efficiency of Sliding Scales, Canadian Tax Journal
Colin Romano authored Policy Forum: Cognitive Bias as a Factor in Determining the Efficiency of Sliding Scales in Volume 71, Issue 3, 2023 Canadian Tax Journal. Excerpt from Policy Forum… -
Tax
CRA Suggests Depositing Cryptocurrency with Trading Platform Could Trigger Tax
On November 2, 2023, the Canada Revenue Agency (CRA) answered a series of questions as part of the Association de planification fiscal et financière’s annual conference in Quebec City that may have… -
Tax
Policy Forum: The Income Taxation of Crypto Contracts, Canadian Tax Journal
Colin Romano authored Policy Forum: The Income Taxation of Crypto Contracts in the 2023 Canadian Tax Journal. Excerpt from Policy Forum: The Income Taxation of Crypto Contracts:Current Canada… -
Tax
Using Pre-Acquisition Non-Capital Losses Under the Debt Forgiveness Rules, Canadian Tax Focus
Colin Romano co-authored Using Pre-Acquisition Non-Capital Losses Under the Debt Forgiveness Rules in the 2022 Canadian Tax… -
Tax
NFT Losses May Be Restricted as LPP or PUP, Canadian Tax Focus
Colin Romano authored NFT Losses May Be Restricted as LPP or PUP in the 2022 Canadian Tax…
Featured Work
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Mergers and Acquisitions
NexPoint Hospitality Trust to be acquired by NexPoint Diversified Real Estate Trust
Goodmans LLP is advising NexPoint Hospitality Trust in connection with its announced acquisition by NexPoint Diversified Real Estate Trust… -
Mining
Newmont Corporation to sell Musselwhite Gold Mine to Orla Mining for $850 million
Goodmans LLP is advising Newmont Corporation in its agreement to sell the Musselwhite Gold Mine to Orla Mining for $850 million… -
Mining
Newmont Corporation to sell its Éléonore operation to Dhilmar Ltd for $795 million
Goodmans LLP is advising Newmont Corporation in its agreement to sell its Éléonore operation to Dhilmar Ltd for $795 million in cash consideration… -
Mining
Coeur Mining, Inc. to acquire SilverCrest Metals Inc. at an implied equity value of approximately US$1.7 billion
Goodmans LLP acted as Canadian counsel to Coeur Mining, Inc. in connection with entering into a definitive agreement with SilverCrest Metals Inc., whereby pursuant to a plan of arrangement Coeur will… -
SPACS
FG Acquisition Corp. completes acquisition of Strong/MDI Screen Systems Inc. and launches Saltire Capital Ltd.
Goodmans LLP acted for FG Acquisition Corp. ("FGAC"), a special purpose acquisition company in connection with its acquisition of Strong/MDI Screen Systems, Inc., a leading manufacturer and… -
Mergers and Acquisitions
Northwest Healthcare Properties REIT sells UK portfolio
Goodmans LLP acted as Canadian tax and securities law counsel to Northwest Healthcare Properties Real Estate Investment Trust in the sale of its UK portfolio to Assura PLC for gross proceeds of C…
News & Events
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- 02:45 PM Tax
Colin Romano at The Canadian Tax Foundation’s 76th Annual Tax Conference
Join Goodmans associate Colin Romano at The Canadian Tax Foundation’s 76th Annual Tax Conference for the session, “Recent Trends in Share Purchase Agreements” on December 2, 2024.This session will… -
Banking and Financial Services
Goodmans Once Again Receives Top-Tier Recognition from The Legal 500 Canada
We are pleased to announce Goodmans LLP has once again received top-tier recognition from The Legal 500 Canada in their 2025 Guide released today.Recognition from The Legal 500 is based on independent… -
Banking and Financial Services
Goodmans Recognized in the Inaugural Edition of Best Law Firms - Canada 2025
Goodmans is delighted to share we are featured in the inaugural edition of Best Law Firms - Canada 2025, recognizing us as one of the country’s exceptional law firms across 40 industries and practices…