Capitalizing on Canadian FAITs (Foreign Asset Investment Trusts) – A New Opportunity for U.S. Companies

Tuesday, April 09, 2013 at 01:00 PM EDT

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Event Description:

Growing U.S. companies are finding Canada’s new foreign asset investment trusts (FAITs) to be the ideal solution to capital raising and cash-flow challenges. Easier, faster and less expensive than a traditional IPO, FAITs can work for almost any mid-sized American company with income-generating assets because their structure integrates well with U.S. business and tax regimes and their tax-free yields are exceptionally attractive to Canadian and international investors. While initially used in the real estate and energy industries, FAITs are quickly becoming popular in other sectors and have begun to take the market by storm.

In this webinar, senior lawyers and accountants who have advised on some of the most significant FAIT transactions will be covering: i) the selection of appropriate candidates for FAITs; ii) structuring considerations; iii) tax considerations; and iv) case studies of recent representative deals.


Lawrence D. Wilder
Cassels Brock & Blackwell LLP

Lawrence (Lawrie) Wilder is a partner in the Securities Group at Cassels Brock & Blackwell LLP in Toronto. He focuses on representing growing companies and assisting them in achieving their growth objectives. He handles all aspects of the corporate development curve, from private equity to initial public offerings to mergers and acquisitions. Lawrie has played a key legal role in the early stage development and financing of such Canadian success stories as MDC Partners, Chapters, FirstService Corporation, Genuity Capital Markets and Research in Motion (now Blackberry), working with the founding entrepreneurs and their advisors and assisting them in setting the stage for explosive growth and success.

Matthew Peters
Cassels Brock & Blackwell LLP

Matthew Peters is a partner in the Tax Group at Cassels Brock & Blackwell LLP in Toronto. He advises on tax issues associated with international tax planning, domestic and cross‐border mergers and acquisitions, corporate reorganizations, corporate finance, and various other tax matters. Matthew represents clients across various industries including manufacturing, financial services, telecommunications, natural resources and technology. He has also represented clients before the Tax Court of Canada and the Federal Court of Appeal, with particular emphasis on tax treaty disputes.

Rose Cross, CA
International Tax Partner
BDO Canada LLP

Rose Cross provides domestic and international tax planning for private and publicly owned companies in various sectors. She works primarily with Canadian subsidiaries of multinational corporations, providing a variety tax services. In particular, she provides corporate tax compliance services, tax accounting services (in accordance with Canadian GAAP, US GAAP, and IFRS), advice on inbound and outbound structures and advice on the sale and purchase of major assets. Rose has also worked with a number of clients on the tax compliance for their IPO’s and reverse takeovers.

Content Contributors:

Ken Snider
Cassels Brock & Blackwell LLP

Daphna Smuckler, CPA, CA
Partner – National Practice Leader, Public Companies
BDO Canada LLP