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Martin A.U. Sorensen

Partner

Partner |

T: 416.777.4809

Toronto

Sorensen Martin
 
  • Recent Experience
  • Recent Recognition
  • Insights, News & Events
  • Related Services

T: 416.777.4809


Toronto

  • Education
  • Bar Admissions
  • Recent Experience
  • Recent Recognition
  • Insights, News & Events
  • Related Services
  • Recent Experience
  • Recent Recognition
  • Insights, News & Events
  • Related Services

Martin Sorensen offers a critical and analytical approach to tax matters that minimizes risk and maximizes profit. When a dispute arises, Martin works to resolve the issue quickly and efficiently, resulting in the best possible outcome for our clients.

Martin's practice focuses on tax planning and tax litigation. He acts in matters related to corporate and international tax planning, debt financing transactions and foreign entities carrying on business in Canada. Martin also advises on general income tax matters, federal and provincial sales taxes, provincial mining taxes, and payroll taxes.

Martin represents both individual and corporate clients on federal and provincial tax litigation matters, including disputes under the Excise Tax Act, the Income Tax Act, the Corporations Tax Act, the Land Transfer Tax Act and the Employer Health Tax Act.

Chambers Canada 2018

"….He’s a tax litigator, that alone means he’s a rare person. There are not many astute tax litigators. He’s very pragmatic."

Martin is a former chair of the Ontario Bar Association (Tax Section) and is a member of the Board of Governors and the Executive Committee of the Canadian Tax Foundation, the International Fiscal Association and the Advocates' Society. To complement his practice, he has completed the Canadian Institute of Chartered Accountants In-Depth Tax Course.

Martin is also currently teaching corporate taxation at the Queen's University Faculty of Law and is a contributing editor to Taxation of Corporations, Partnerships and Trusts, 5th Edition (Thomson Carswell).

Education

Queen's University, BA, 1995, with honours Queen's University, LLB, 1998 

Bar Admissions

Ontario, 2000

Recent Experience

Harvest One Cannabis, in its $70 million listing on the TSX Venture Exchange and concurrent $25 million financing led by Mackie Research Capital.
Leyou Technologies Holdings, a Hong Kong Stock Exchange-listed company, acquired 39% of Digital Extremes, a video game developer based in London, Ontario, for US$65 million.
Special Committee of the Board of Directors of Romarco Minerals Inc., in its acquisition by OceanaGold Corporation pursuant to a court approved plan of arrangement for approximately $856 million on a fully-diluted in the money basis.
Quantum International Income Corp., in its $20 million bought deal short form prospectus offering of subscription receipts led by Mackie Research Capital Corporation and including Canaccord Geunity Corp.
BMO Capital Markets, as sole underwriter, in the bought deal secondary offering of 20,000,000 common shares of Mandalay Resources Corporation held by a fund advised by West Face Capital Inc. for aggregate gross proceeds of $18,400,000.
BMO Capital Markets and CIBC World Markets, as co-lead underwriters of the $155 million initial public offering of TMAC Resources Inc.
Syndicate of underwriters led by Salman Partners Inc., in a $12.524 million bought deal offering of common shares of Vogogo Inc.
Mountain Province Diamonds Inc., in its rights offering under which it raised gross proceeds of approximately $95,000,000.
Syndicate of underwriters led by Salman Partners Inc., in an $8.675 million bought deal offering of common shares of Slyce Inc.
Syndicate of underwriters led by GMP Securities L.P., in Espial Group Inc.'s $35 million public offering of common shares.
TerraVest Capital Inc., in its bought deal public offering of $25 million aggregate principal amount of 7.00% convertible unsecured subordinated debentures due June 30, 2020.
Duluth Metals Limited, in the acquisition by Antofagasta plc of all of the outstanding common shares of Duluth Metals Limited by way of a plan of arrangement for a total transaction value of approximately $104.6 million.
Canadian counsel to Regal Beloit Corporation, in the US$1.44 billion world-wide acquisition of the Power Transmission Solutions business of Emerson Electric Co.
Syndicate of underwriters co-led by Canaccord Genuity Corp. and National Bank Financial Inc., in a bought deal short form prospectus offering in Canada and private placement in the United States of 56,465,000 common shares by Yamana Gold Inc. for gross proceeds of $299,264,500.
Wheels Group, Inc., in its corporate reorganization and subsequent acquisition by Radiant Logistics Inc. pursuant to a court approved plan of arrangement for approximately $100 million.
Osisko Gold Royalties Ltd., in its business combination to acquire Virginia Mines Inc. for approximately $461 million.
Darling International Inc., in its acquisition of all the assets of Rothsay, a division of Maple Leaf Foods Inc., for approximately $645 million.
Secured financing by Credit Suisse, in the $1.72 billion acquisition of the Carestream Health group of companies by Onex.
Senior bondholders of Stelco Inc. (steel), the largest group of affected creditors, in a $3 billion reorganization of Stelco under the Companies' Creditors Arrangement Act and the issuance of new senior floating rate notes thereunder.
Credit Suisse, Canadian counsel for the administrative and collateral agent in advice on loan agreements, Canadian security documents and title insurance matters surrounding a US$226.5 million first lien credit agreement.
Canadian counsel to Credit Suisse, in its amended and restated senior secured credit facilities to Hexion Specialty Chemicals, Inc. including a seven-year $1.625 billion term loan facility, seven-year $50 million synthetic letter of credit, and five-year $225 million revolving credit facility.
Canadian Imperial Bank of Commerce, Amex Canada Inc., Bank of Montreal, Banque Laurentienne, Banque Nationale du Canada, Canada Trust Company, Canadian Tire Financial Services Ltd., Hudson's Bay Company, and the Toronto-Dominion Bank with their G.S.T. appeals relating to the interpretation of "financial service" under subsection 123(1) of the Excise Tax Act.  Banque Nationale du Canada v. The Queen, 2006 TCC 363, 2006 G.T.C. 457 (Eng.), [2006] G.S.T.C. 105; La Banque Canadienne Imperiale de Commerce v. La Reine, 2006 GTC 37 (T.C.C.) and 2006 GTC 457 (T.C.C.)
Invar Corporation, in the litigation in the Ontario Superior Court of Justice and related settlement of its appeal involving the interplay between GAAP and the capital tax base.
SmithKline Beecham Animal Health Inc., in its litigation in the Tax Court of Canada and Federal Court of Appeal and related settlement regarding transfer pricing adjustments. SmithKline Beecham Animal Health Inc. v. Canada, 2000 D.T.C. 1526 (T.C.C.), affirmed 2000 D.T.C. 6141 (F.C.A.); SmithKline Beecham Animal Health Inc. v. Canada, 2002 FCA 229, [2002] 4 C.T.C. 93 (F.C.A.).

Recent Recognition

Who's Who Legal Canada
Recognized in the area of corporate tax
Who's Who Legal Corporate Tax
Recognized as one of the world's leading corporate tax lawyers

Insights, News & Events

Articles

Martin Sorensen and Hennadiy Kutsenko in The Lawyer's Daily

January 14, 2021
       

Articles

Bennett Jones on Tax Disputes - September 2020

September 03, 2020
       
2020
Jul
09
       

Event

Estate Freezes & Tax Planning in the COVID Era

Articles

Tax Planning Strategies in a Market Downturn: Loss

June 19, 2020
       

Articles

Tax Planning Strategies in a Market Downturn: Trusts

June 12, 2020
       

Articles

Tax Planning Strategies in the Market Downturn: Estate Freezes, Income Splitting

June 04, 2020
       

Articles

Mischief managed? The new voluntary disclosures program

April 20, 2020
       

Articles

Bennett Jones on Tax Disputes March 2020

March 2020
       

Blog

Voluntary Disclosure to CRA—It Ain’t What It Used To Be

March 12, 2020
       

Speaking Engagements

Martin Sorensen on Transparency & Disclosure

December 1-3, 2019
       

Speaking Engagements

Revisiting Taxpayer Relief and Ministerial Discretion

October 28-29, 2019
       

Speaking Engagements

Martin Sorensen on Tax and Intellectual Property Transactions

September 13, 2019
       

In the News

Martin Sorensen in Canadian Lawyer on how Whistleblowing Pays Off

September 03, 2019
       

Blog

Whistleblowing Pays Off—New CRA Data on First Payments to Informants

August 21, 2019
       

Articles

Bennett Jones on Tax Disputes - August 2019

August 14, 2019
       

In the News

Martin Sorensen in National Post on Tax Audits Gone Bad

September 06, 2018
       

Blog

Bartering with Bitcoin: Canadian Tax Implications of Using Cryptocurrency in Business Transactions

February 15, 2018
       

Blog

Getting In on Bitcoin: Canadian Income Tax Implications of Cryptocurrencies

February 12, 2018
       

Blog

VDP Overhaul Coming Sooner Than You Thought

December 20, 2017
       

Blog

Disclosure Delayed May Be Disclosure Denied

December 01, 2017
       

Speaking Engagements

Intellectual Property Transactions

September 21, 2017
       

Blog

Report a Canadian Tax Evader and Make Money?

February 24, 2017
       

Blog

CRA Releases New Guidelines Regarding Canadian Exploration Expenses

February 09, 2017
       

In the News

Martin Sorensen in Lexpert: Does CRA Owe Taxpayers a Duty of Care?

June 16, 2016
       

Articles

The Business of Innovation - Intellectual Property Transactions and Strategies in the New Economy

May 2016
       

In the News

Martin Sorensen in Lexpert on Duty of Care

April 14, 2016
       

Blog

Ministry of Finance Ready to Party like it's 1989: Retroactive Changes to Ontario Provincial Land Transfer Tax

February 22, 2016
       

Related Services

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