
Overview
Jon Northup is a partner in the Tax Group and a member of the Executive Committee at Goodmans. Jon’s practice focuses on mergers and acquisitions, corporate finance and investment funds, with a particular expertise in structuring cross-border transactions. He provides clients with dynamic, strategic and practical tax advice, frequently developing innovative structures and planning to address complex transactions and structuring challenges.
Jon is Vice-Chair of the firm’s Aging/Healthcare (including Seniors Housing) practice group and Chair of SenbridGe, a division of Goodmans that provides specialized advisory, education and networking programs to the healthcare and ageing sector.
Jon is recognized as a leading practitioner of tax law by Chambers Global who describe him as “indispensable” and comment that he is lauded by clients as an “exceptional deal and tax structuring attorney.” He attracts strong reviews from commentators, who say: “He is wonderful - very thoughtful, thorough, responsive, and he really understands our business.” Jon is also recognized as a leading corporate tax lawyer by Chambers Canada, The Legal 500 Canada, Best Lawyers in Canada, The Canadian Legal Lexpert Directory and by World Tax. Lexpert named Jon one of Canada’s “Top 40 Under 40 Lawyers” in 2006 and one of the “20 Corporate Lawyers to Watch” in 2007.
Expertise
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Aging and Health Care
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Capital Markets
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Cross-Border and International Tax
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Mergers and Acquisitions
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Private Equity and Venture Capital
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REITS and Income Securities
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SPACS
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Tax
Featured Work
Jon’s representative work includes acting for:
- Tricon Capital Group Inc. in its acquisition of Starlight U.S. Multi-Family No. 5 Core Fund in an all share transaction valued at $1.4 billion
- Gluskin Sheff + Associates Inc. in its acquisition by Onex Corporation
- Invesque Inc. in connection with its acquisition of Commonwealth Senior Living and 20 of its Communities for US$340.4 Million
- Pure Industrial REIT in its $3.8 billion acquisition by Blackstone Property Partners and Ivanhoé Cambridge
- Student Transportation Inc., one of North America’s largest school bus transportation services, in its $1.1 billion acquisition by the Caisse de dépôt et placement du Québec and Ullico Inc.
- Minto Apartment REIT in its $230 million initial public offering
- Revera Inc. in its joint venture with Axium Infrastructure with respect to the acquisition and shared ownership of 32 long-term care homes across Canada
- Invesque Inc. in its US$425 million acquisition of Care Investment Trust’s 42 US seniors housing and care property portfolio owned by Tiptree Inc.
- Milestone Apartment REIT in its US$2.9 billion acquisition by Starwood Capital Group
- InterOil Inc. in its $2.5 billion acquisition by Exxon Mobil Corporation
Jon has extensive experience advising issuers and investment dealers on the structuring and taxation of public offerings, including offerings by REITs, investment trusts and similar yield-oriented issuers. He advised RioCan REIT on the first offering of preferred units by a Canadian trust and advised BSR REIT, NexPoint Hospitality Trust, Invesque Inc., WPT Industrial REIT, Milestone Apartments REIT, Agellan Commercial REIT and HealthLease Properties REIT on their cross-border IPOs.
Awards & Recognition
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Chambers Global Band 3, Tax 2023
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Lexpert Special Edition: Finance and M&A Canada's Leading Finance and M&A Lawyers 2023
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The Canadian Legal Lexpert Directory Recognized, Corporate Tax 2023
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Chambers Canada Band 3, Tax 2023
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The Legal 500 Canada Leading Individual, Tax 2023
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Best Lawyers in Canada Recognized, Tax Law 2023
Credentials
Professional Involvement
Credentials
- University of Toronto, LL.B., 1998
- University of Victoria, B.A., 1993
Professional Affiliations
- Law Society of Ontario
- Canadian Bar Association
- Canadian Tax Foundation
- Nareit
Call to Bar
- 2000 Ontario
Insights
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Structured Finance and Derivatives
The Securitisation Law Review 3rd Edition - Canada Chapter
Francesca Guolo, Mark Surchin, Brian Empey and Jon Northup co-authored the Canada Chapter of The Law Reviews' Securitisation Review 3rd Edition. The Securitisation Law Review provides legal… -
Banking and Financial Services
The Securitisation Law Review 2nd Edition - Canada Chapter
Francesca Guolo, Mark Surchin, Brian Empey and Jon Northup co-authored the Canada Chapter of The Law Reviews' Securitisation Review 2nd Edition. The publication provides securitisation… -
Tax
Finance Releases Proposed Amendments to the Qualifying REIT Rules
On December 16, 2010, the Department of Finance announced proposed amendments to the rules in the Income Tax Act (Canada) applicable to real estate investment trusts. The amendments address…
News & Events
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Banking and Financial Services
Goodmans Partners Recognized in the Lexpert Special Edition: Finance and M&A 2023
We are delighted to announce the Lexpert Special Edition: Finance and M&A 2023 once again features Goodmans partners among Canada's experts.Congratulations to our 29 featured partners:Alan… -
Banking and Financial Services
The Canadian Legal Lexpert Directory 2023 Continues to Recognize Goodmans
We are proud to announce we have once again been recognized in The Canadian Legal Lexpert Directory 2023.85 Goodmans lawyers have been recognized as top-tier in their fields and leaders across… -
Banking and Financial Services
Chambers and Partners Continues to Honour Goodmans with Global Recognition
We are proud to announce Goodmans LLP has once again received top tier recognition from Chambers and Partners in the Chambers Global 2023 Guide released today. Recognition from Chambers and…