Paul Carenza Partner


Speaks:  English, French

Year of Call: 1997 - Ontario

Primary phone: +1 416-369-7367

Fax: +1 416-862-7661

Email: paul.carenza@gowlingwlg.com

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Primary office:  Toronto




Paul Carenza

As a partner in Gowling WLG's Toronto office and a member of its firm-wide Tax Group, Paul Carenza works with a range of Canadian and international clients in the private and public sectors, delivering creative and compliant solutions to meet their business needs.

For almost 20 years, Paul has specialized in providing clients with income and commodity tax advice in domestic and cross-border corporate acquisitions, reorganizations, and financings. He also represents clients in disputes with tax authorities, and provides technical expertise on executive compensation matters, including compensation plan design and foreign assignments. Paul also advises clients in the energy sector in Ontario on payments-in-lieu of taxes and related matters.

Paul is a regular writer, speaker and panellist at various conferences covering a variety of matters related to tax law. He is the editor-in-chief of Thomson Reuters' Taxation of Executive Compensation and Retirement journal, and also serves as co-editor of Gowling WLG's Canadian Tax newsletter.

Fluent in both English and French, Paul is called to the Ontario Bar.

Career & Recognition

Filter timeline:

Memberships

  • American Bar Association, Taxation Section
  • Canadian Bar Association
  • Canadian Tax Foundation
  • Ontario Bar Association

Publications (articles, papers, presentations, etc.)

  • "Non-Taxation of Employee Stock Option Benefits: A Justifiable Absurdity?" (2015) 62:4 Canadian Tax Journal 1079-1084
  • "Incentive Compensation for Small and Medium-Sized Private Companies," presented at the Ontario Tax Conference, 2012
  • "Imperial Tobacco: Stock Option Plans and Cash-out Payments," Taxation of Executive Compensation and Retirement, Volume 22, No. 5
  • "Changes to the Taxation of Stock Options," Canadian Payroll Reporter, December 2010
  • "Say-on-Pay, Clawbacks and Canadian Income Tax," Taxation of Executive Compensation and Retirement, Volume 21, No. 1
  • "Update On ULC's - Rising From The Ashes?," TaxnetPRO, December 2009
  • "Directors' Liability for Taxes: The Importance of Being Diligent," Corporate Liability, 2009
  • "The ABCs of Cashless Exercise Methods," CMA Magazine, October 2005
  • "Avoidance Transaction is not a Dirty Word (or a Series of Dirty Words)!," Taxation Law Section Newsletter, Vol. 14, No. 1, August 2003
  • "Competent Authority Agreements?," Canadian Tax Highlights, Vol. 10, No. 10, 2002
  • "Fredette and Rousseau-Houle: Has CP Been Derailed?," Taxation Law Section Newsletter, Vol. 12, No. 1, August 2001
  • "GST Reg Ultra Vires?," Canadian Tax Highlights, Vol. 8, No. 11, November 2000
  • "Business Succession for the Entrepreneurial Client," Institute of Chartered Accountants of British Columbia, July 2000

Selected presentations

  • "13th Taxation of Executive Compensation and Retirement Course," Federated Press, Toronto, 2015
  • "12th Taxation of Executive Compensation and Retirement Course," Federated Press, Toronto, 2014
  • "11th Taxation of Executive Compensation and Retirement Course," Federated Press, Toronto, 2013
  • "3rd Understanding Canada-U.S. Taxation Course," Federated Press, Toronto, 2013
  • "Incentive Compensation for Small and Medium-Sized Private Companies," Ontario Tax Conference, Canadian Tax Foundation, Toronto, 2012
  • "10th Taxation of Executive Compensation and Retirement Course," Federated Press, Toronto, 2012
  • "2nd Understanding Canada-U.S. Taxation Course," Federated Press, Toronto, 2012
  • "4th International Joint Ventures Course," Federated Press, Toronto, 2011
  • "9th Taxation of Executive Compensation and Retirement Course," Federated Press, Toronto, 2011
  • "Understanding Canada-U.S. Taxation Course," Federated Press, Toronto, 2011
  • "8th Taxation of Executive Compensation and Retirement Course," Federated Press, Toronto,2010
  • "4th Taxation of Inbound Investment Course," Federated Press, Toronto, 2010
  • Advising a European investment fund in its acquisition of an interest in the Canadian technology sector
  • Advising U.S. service providers on entering the Canadian marketplace
  • Advising a Canadian financial institution on the implementation of an employee share-purchase plan
  • Advising U.S. multinationals when extending its compensation plans to employees of Canadian subsidiaries
  • Advising public and private companies on the implementation of stock-option plans, restricted stock-unit plans and deferred share-unit plans
  • Representing individuals and corporations in voluntary disclosures with the Canada Revenue Agency
  • Representing participants in the construction industry with respect to RST and HST transition matters
  • Advising clients in the not-for-profit sector
  • Acting for Avion Gold Corp. in its acquisition by Endeavour Mining for $389 million
  • Representing Allied Nevada Gold Corp. in a senior note offering valued at $400.4 million
  • Acting for LSF REIT Holdings S.à r.l., an affiliate of Lone Star Real Estate Fund (U.S.) L.P, in the sale of its $1-billion German real estate portfolio to Dundee International REIT
  • Acting for New Gold Inc. in a $300-million offering
  • Representing IC Potash Corp. in the completion of its strategic investment and off-take agreement with Yara International ASA
  • Acting as Canadian counsel to Alexion Pharmaceuticals, Inc. in its approximately $1.08-billion acquisition of Enobia Pharma Corp.