Firoz specializes in the taxation of mergers and acquisitions, corporate reorganizations, debt restructurings, partnership arrangements and international taxation. He has written articles and presented papers on a number of income tax subjects for the International Tax Review, Journal of International Taxation, Canadian Tax Journal and the Tax Executives Institute. Firoz has been seconded to the Rulings Directorate of Revenue Canada, Taxation as a senior rulings officer in the corporate reorganizations section.
Representative Work
- BC Partners
BC Partners in connection with its definitive agreement to sell a majority of its equity interest in Garda World Security Corporation
- Special Committee of Tricon Residential
Special Committee of Tricon Residential in its US$3.5 billion acquisition by Blackstone
- 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
- Apollo Global Management Inc.
Apollo Global Management in its $3.3 billion acquisition of Great Canadian Gaming Corporation
- Dream Industrial REIT
Dream Industrial REIT in its $850 million European logistics portfolio acquisition and associated financing
- Drax Group plc
Drax Group plc in its acquisition of Pinnacle Renewable Energy
- Just Energy Group Inc.
Just Energy Group Inc. in connection with its $1.1 billion recapitalization transaction
- Entertainment One
Entertainment One in its US$4 billion acquisition by Hasbro
- Power Financial Corporation
Power Financial in its reorganization transaction with Power Corporation
- Dream Global REIT
Dream Global REIT in its $6.2 billion acquisition by Blackstone
- BC Partners
BC Partners in the $5.2 billion recapitalization of GardaWorld
- Morgan Stanley
Morgan Stanley in its acquisition of Solium Capital for $1.1 billion
- Mitel Networks Corporation
Mitel in its sale to affiliates of Searchlight Capital Partners for US$2 billion
- Deutsche Bank AG
Algoma Steel Inc. and certain senior secured term lenders in Canada in Algoma’s acquisition of substantially all the assets of Essar Steel Algoma in connection to a restructuring under the CCAA
- Blackstone-Led Consortium
Blackstone-Led Consortium in its $20 Billion Partnership Agreement with Thomson Reuters
- Secured Debtholder Committee of Concordia International Corp.
Osler advises the Secured Debtholder Committee of Concordia International Corp. in connection with US$3.7 billion recapitalization transaction
- South32
South32 in its $2.1 billion acquisition of Arizona Mining
- Investors led by BC Partners and Ontario Teachers’ Pension Plan
Investors led by BC Partners and Ontario Teachers' Pension Plan in the $5.125 billion recapitalization of GFL Environmental Inc.
- RSM US LLP
RSM US LLP in the launch of RSM Canada
- Corus Entertainment Inc.
Corus Entertainment Inc. in the proposed sale of specialty channels to Bell Media Inc. for approximately $200 million
- Mitel Networks Corporation
Mitel Networks Corporation in connection with its acquisition of ShoreTel, Inc. for US$530 million
- Stryker Corporation
Stryker Corporation in its acquisition of NOVADAQ Technologies Inc.
- Hydro One Limited
Hydro One Limited in its offering of $1.4 billion 4.00% convertible unsecured subordinated debentures represented by installment receipts.
- Hydro One Limited
Hydro One in its proposed $6.7 billion acquisition of Avista
- Tervita Corporation
Tervita Corporation completes $3.5 billion recapitalization transaction under the Canada Business Corporations Act
- General Electric in the division of the operations of its main Canadian subsidiary into separate entities in furtherance of the spin-off of GE’s healthcare business, creating GE HealthCare Technologies Inc.
- IBM Canada in respect of IBM Corporation’s spin-off of Kyndryl
- SmartREIT in connection with the acquisition of the remaining assets of OneREIT by way of a plan of arrangement
- Corus Entertainment Inc. in connection with its proposed $2.65 billion purchase of Shaw Media Inc. from Shaw Communications Inc.
- Tim Horton’s Inc. in its combination with Burger King
- Magna International Inc. in connection with its acquisition of Getrag GKA
- Talisman Energy Inc. in its acquisition by Repsol
BC Partners in connection with its definitive agreement to sell a majority of its equity interest in Garda World Security Corporation
Special Committee of Tricon Residential in its US$3.5 billion acquisition by Blackstone
Dream Industrial REIT in its $5.9 billion acquisition, in partnership with a leading global sovereign wealth fund, of Summit Industrial Income REIT
Apollo Global Management in its $3.3 billion acquisition of Great Canadian Gaming Corporation
Dream Industrial REIT in its $850 million European logistics portfolio acquisition and associated financing
- Drax Group plc
Drax Group plc in its acquisition of Pinnacle Renewable Energy
- Just Energy Group Inc.
Just Energy Group Inc. in connection with its $1.1 billion recapitalization transaction
- Entertainment One
Entertainment One in its US$4 billion acquisition by Hasbro
- Power Financial Corporation
Power Financial in its reorganization transaction with Power Corporation
- Dream Global REIT
Dream Global REIT in its $6.2 billion acquisition by Blackstone
- BC Partners
BC Partners in the $5.2 billion recapitalization of GardaWorld
- Morgan Stanley
Morgan Stanley in its acquisition of Solium Capital for $1.1 billion
- Mitel Networks Corporation
Mitel in its sale to affiliates of Searchlight Capital Partners for US$2 billion
- Deutsche Bank AG
Algoma Steel Inc. and certain senior secured term lenders in Canada in Algoma’s acquisition of substantially all the assets of Essar Steel Algoma in connection to a restructuring under the CCAA
- Blackstone-Led Consortium
Blackstone-Led Consortium in its $20 Billion Partnership Agreement with Thomson Reuters
- Secured Debtholder Committee of Concordia International Corp.
Osler advises the Secured Debtholder Committee of Concordia International Corp. in connection with US$3.7 billion recapitalization transaction
- South32
South32 in its $2.1 billion acquisition of Arizona Mining
- Investors led by BC Partners and Ontario Teachers’ Pension Plan
Investors led by BC Partners and Ontario Teachers' Pension Plan in the $5.125 billion recapitalization of GFL Environmental Inc.
- RSM US LLP
RSM US LLP in the launch of RSM Canada
- Corus Entertainment Inc.
Corus Entertainment Inc. in the proposed sale of specialty channels to Bell Media Inc. for approximately $200 million
- Mitel Networks Corporation
Mitel Networks Corporation in connection with its acquisition of ShoreTel, Inc. for US$530 million
- Stryker Corporation
Stryker Corporation in its acquisition of NOVADAQ Technologies Inc.
- Hydro One Limited
Hydro One Limited in its offering of $1.4 billion 4.00% convertible unsecured subordinated debentures represented by installment receipts.
- Hydro One Limited
Hydro One in its proposed $6.7 billion acquisition of Avista
- Tervita Corporation
Tervita Corporation completes $3.5 billion recapitalization transaction under the Canada Business Corporations Act
- General Electric in the division of the operations of its main Canadian subsidiary into separate entities in furtherance of the spin-off of GE’s healthcare business, creating GE HealthCare Technologies Inc.
- IBM Canada in respect of IBM Corporation’s spin-off of Kyndryl
- SmartREIT in connection with the acquisition of the remaining assets of OneREIT by way of a plan of arrangement
- Corus Entertainment Inc. in connection with its proposed $2.65 billion purchase of Shaw Media Inc. from Shaw Communications Inc.
- Tim Horton’s Inc. in its combination with Burger King
- Magna International Inc. in connection with its acquisition of Getrag GKA
- Talisman Energy Inc. in its acquisition by Repsol
Latest Insights
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Osler Update Dec 4, 2023
Revised EIFEL legislation in implementation bill
The Canadian federal government introduced an implementation bill and related explanatory notes on November 30, 2023, that includes the revised EIFEL...
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Osler Update Aug 9, 2023
Finance releases further revised EIFEL rules
Osler’s National Tax Group has been following these developments closely. See our Updates on the draft tax legislation package, the global...
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Osler Update Nov 24, 2022
Finance releases revised draft EIFEL rules
Finance Canada releases revised draft EIFEL rules with significant changes to many aspects of the proposed regime.
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Osler Update Feb 19, 2020
Treaty exempt gain by Luxembourg holding company upheld by Federal Court of Appeal
The Federal Court of Appeal confirmed that a Luxembourg holding company was entitled to a capital gains exemption under the Canada-Luxembourg tax...
Read more
Awards and Recognition
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Chambers Canada: Canada’s Leading Lawyers for Business: Band 1, Tax
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Chambers Global: The World’s Leading Lawyers for Business: Recognized in Tax (Star Individual): Band 1, Tax
- “His communication is excellent. He can distil issues and describe risks and has the ability to make suggestions on how we can adapt to allow us to better achieve our objectives.”
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The Canadian Legal Lexpert Directory: Recognized in Corporate Tax; Toronto’s leading corporate tax lawyers in 2021
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The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada: Recognized in Corporate Tax
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Best Lawyers in Canada: Recognized in Tax Law
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Legal 500: Recognized in the Hall of Fame in Tax
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International Tax Review: Recognized in General Corporate Tax as a Highly Regarded lawyer
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Who’s Who Legal: Thought Leaders: Recognized in Corporate Tax – Advisory
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Who’s Who Legal: International: Recognized in Corporate Tax – Advisory
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Who’s Who Legal: Canada: Recognized in Corporate Tax
Media Mentions
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Osler News Feb 16, 2024
Osler recognized as a leading firm in Chambers Global 2024 Guide
Osler recognized as a leading firm in Chambers Global 2024 Guide
Read more -
Osler News Jan 9, 2024
34 Osler lawyers recognized in 2024 Lexpert/American Lawyer Guide to Leading 500 Lawyers in Canada
Osler is pleased to announce that 34 of our lawyers have been recognized in the 2024 edition of the Lexpert/American Lawyer Guide to the Leading 500...
Read more -
Osler News Aug 25, 2023
Osler recognized as a Tier 1 firm in ITR’s World Tax Guide 2024
Osler is proud to once again be recognized as a Tier 1 firm in the 2024 edition of the International Tax Review’s World Tax guide. Additionally, 19...
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Osler News Apr 19, 2023
42 Osler lawyers recognized by Lexpert as leaders in Finance and M&A
Osler is proud to announce 42 of our lawyers have been recognized as leaders in the Lexpert Special Edition: Finance and M&A 2023.
Read more
Speaking and Writing
Published Work
- 2016 Proposed Changes to Subsection 55(2) (20th Taxation of Corporate Reorganization Conference)
- 2015 Taxation of Corporate Reorganizations – Current Issues and Future Trends
Credentials
Education
- Queen’s University, LL.B.
- Carleton University, B.Comm.
Languages
- English
Professional Affiliations
- Canadian Tax Foundation
- International Fiscal Association
- Canadian Bar Association