
Overview
Carrie Smit is a partner and the head of the Tax Group at Goodmans. Her practice is transaction based and encompasses all aspects of income taxation that arise in corporate and commercial transactions, including cross-border mergers, corporate reorganizations, domestic and international debt financings, debt restructurings and private equity investments.
Carrie is recognized as a leading tax lawyer by Chambers Global, Chambers Canada, The Legal 500 Canada, The Canadian Legal Lexpert Directory, The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada, Best Lawyers in Canada, Euromoney’s Guide to the World’s Leading Tax Advisors and Guide to the World's Leading Women in Business Law, Law Business Research’s Who’s Who Legal: Canada and International Tax Review’s Women in Tax Leaders.
In 2022, Carrie was honoured by the Ontario Bar Association with the Award of Excellence in Tax Law, recognizing her outstanding leadership and contributions to the field. She is also a recent recipient of the Canadian Tax Foundation's Douglas J. Sherbaniuk Distinguished Writing Award. Who’s Who Legal: Canada 2018 recognized Carrie as one of the seven “Most Highly Regarded Individuals” in Canada in corporate tax and she was named the Toronto Tax “Lawyer of the Year” by Best Lawyers in Canada in both 2016 and 2018. In 2012, Carrie was honoured at the Euromoney Americas’ Women in Business Law Awards where she received the Best in Tax Award.
Expertise
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Cross-Border and International Tax
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Private Equity and Venture Capital
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Tax
Featured Work
Carrie’s representative work includes acting for:
- Rogers Communications Inc. in its agreement to acquire all outstanding shares of Shaw Communications Inc. for a transaction value of CDN$26 billion
- Onex Corporation in its acquisition of all outstanding shares of WestJet Airlines Ltd. for CDN$5 billion
- Searchlight Capital Partners, L.P. in its acquisition of Mitel Networks Corporation, a publicly listed global market leader in business communications, in an all-cash transaction of US$2 billion
- Ceridian HCM Holding Inc., a global human capital management software company, in its US$631.3 million initial public offering of dual listed common shares in Canada and the United States
- Spectra Energy Corp. in its merger with Enbridge Inc. for C$37 billion in stock (enterprise value of C$165 billion)
Awards & Recognition
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Chambers Canada Band 1, Tax 2023
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The Legal 500 Canada Leading Individual, Tax 2023
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Lexpert/American Lawyer Media Guide Most Frequently Recommended, Corporate Tax 2023
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Best Lawyers in Canada Recognized, Tax Law 2023
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World Tax EG Tax Leading Advisor, Women in Tax 2023
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World Tax WT-Highly Regarded, Women in Tax 2023
Credentials
Professional Involvement
Carrie has spoken at numerous tax conferences and has written papers on a variety of income tax matters. She is a regular speaker at the annual CBA “Tax Law for Lawyers” conference.
Credentials
- University of Toronto, LL.B., 1990, Gold Medalist
- McGill University, B.Comm., 1987
Professional Affiliations
- Law Society of Ontario
- Joint Committee on Taxation of the Canadian Bar Association and Chartered Professional Accountants of Canada (Executive Committee)
- Member of Council of International Fiscal Association
- Canadian Bar Association
- Canadian Tax Foundation
Call to Bar
- 1992 Ontario
Insights
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Banking and Financial Services
The Acquisition and Leveraged Finance Review 9th Edition - Canada Chapter
Jean Anderson, David Nadler, Carrie Smit, David Wiseman, Caroline Descours, Steven Marmer, and Cathy Costa-Faria co-authored the Canada Chapter of The Law Reviews' Acquisition and Leveraged Finance… -
Banking and Financial Services
The Acquisition and Leveraged Finance Review 8th Edition - Canada Chapter
Jean Anderson, David Nadler, Carrie Smit, David Wiseman, Caroline Descours, and Steven Marmer co-authored the Canada Chapter of The Law Reviews' Acquisition and Leveraged Finance Review 8th Edition… -
Banking and Financial Services
The Lending and Secured Finance Review 7th Edition - Canada Chapter
Jean Anderson, David Wiseman, David Nadler, Carrie Smit, Caroline Descours, Kyle Gerow and Cathy Costa-Faria co-authored the Canada Chapter of The Law Reviews' Lending and Secured Finance Review 7th… -
Tax
A Capital Idea: Using Capital Losses to Step Up Depreciable Tax Cost, Taxnet Pro
Carrie Smit and Aida Kimiagar discuss a recent CRA Views Document that may present an opportunity for corporations to apply capital losses to effectively increase the tax cost of depreciable property… -
Banking and Financial Services
The Acquisition and Leveraged Finance Review 7th Edition - Canada Chapter
Jean Anderson, David Nadler, Carrie Smit, David Wiseman, and Caroline Descours co-authored the Canada Chapter of The Law Reviews' Acquisition and Leveraged Finance Review 7th Edition. The publication… -
Banking and Financial Services
The Lending and Secured Finance Review 6th Edition - Canada Chapter
Jean Anderson, David Wiseman, David Nadler, Carrie Smit, Caroline Descours, and Cathy Costa-Faria co-authored the Canada Chapter of The Law Reviews' Lending and Secured Finance Review 6th Edition. The…
News & Events
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Goodmans Recognized in the 2023 Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada
We are delighted to announce that The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada once again features Goodmans in their 2023 Guide.The Lexpert/ALM 500 Directory, produced in… -
Banking and Financial Services
The Legal 500 Canada Continues to Recognize Goodmans with Top Tier Rankings
We are pleased to announce Goodmans LLP has once again received top tier recognition from The Legal 500 Canada in their 2023 Guide released today. Recognition from The Legal 500 is based on… -
Goodmans Lawyers Named Across 2022 Expert Guides
We are pleased to share Goodmans lawyers have been recognized across several Expert Guides 2022 editions. Recognition from Expert Guides is based on peer review, and demonstrates our lawyers…