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Tim Wach is a partner in Gowlings' National Tax Practice Group, working out of the Firm's Toronto office. His practice is restricted exclusively to tax matters with an emphasis on international tax as well as mergers, acquisitions and financings for both public and private corporations. He has also worked extensively in the areas of energy, infrastructure and private equity investments and funds.
Tim recently served as director of legislative development and chief legislative counsel at the federal Department of Finance. In that position Tim served as chair of the Interdepartmental Tax Legislation Review Committee, a committee of the Departments of Finance and Justice and the Canada Revenue Agency (CRA), which is responsible for all federal income tax legislation. He was also the Department of Finance representative on the CRA's GAAR Committee, which is the committee that reviews all proposed applications of the "general anti-avoidance rule" under the Income Tax Act. Tim also appeared on a number of occasions as a witness on behalf of the Department of Finance before the House of Commons Standing Committee on Finance and the Senate Standing Committee on National Finance.
Tim was formerly a member of Gowlings' Executive Committee, has served as leader of the Firm's National Tax Practice Group and of the Toronto Tax Practice Group, and was formerly partner in charge of finance at Smith Lyons (which merged with Gowlings in 2001). Tim currently sits as the Firm's representative on the Taxand Global Executive Committee and currently is a member of the Joint Committee on Taxation of the Canadian Bar Association and the Canadian Institute of Chartered Accountants.
Tim is recognized in Chambers Global: The World's Leading Lawyers for Business 2013 for Tax.
- Structuring of several private equity and infrastructure funds totalling in excess of $3-billion in invested capital and structuring of investments by such funds.
- Tax structuring and due diligence in respect of a takeover of a public income fund (value in excess of $1-billion) by a pair of non-resident acquirors.
- Structuring of the acquisition and financing of the assets of a public income fund by a non-resident acquiror.
- Structuring of the acquisition and financing of several hotel acquisitions and joint ventures, including several acquisitions of multiple properties.
- Structuring a significant cross border joint venture (in the form of a partnership) in the communications sector.
- Structuring a group of partnerships and corporations for the acquisition, financing, operation and, ultimately, the disposition of a significant portfolio of single family multi-tenant buildings ($500-million plus).
- Merger of three municipal electricity utilities to create one of Ontario’s largest MEUs.
- Developing an innovative capital structure for an MEU and obtaining a favourable federal tax ruling for it.
Tim has written a number of articles on tax matters, and has spoken or taught at courses or seminars given by the University of Toronto, the University of Victoria, the Canadian Tax Foundation, the Canadian Bar Association - Ontario, the Saskatchewan Legal Education Society, at the Bar Admission Course of the Law Society of Upper Canada, and for a number of private organizations on topics such as e-commerce taxation, tax structuring of foreign operations, tax structuring of foreign investment in Canada and structuring cross-border private equity funds. He has also written for and been quoted in The Globe and Mail, Canada's national newspaper. |
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