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Chambertin

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  1. Bay St Articles Offers

    Very interesting, and kind of what I was thinking. Clients always want to know what other type of clients you have. Didn't Torys grow out of a strong connection to a couple of wealthy family businesses?
  2. Bay St Articles Offers

    It's an interesting question, I think the hurdle in a firm moving to the next 'tier' is having at least one client in the higher tier you want to attract. That either happens very slowly, or you are roommates with the next Zuckerberg and your firm grows with his, allowing you to attract other top tier clients.
  3. Toronto DOJ Salary Versus Private Law Firms

    I think in Tax Services, you start as LA1 so your estimate isn't far off though I note these are pretty old effective dates (but may be the applicable date per the CBA)
  4. Toronto DOJ Salary Versus Private Law Firms

    Congratulations! Is this articling or not? If it's not, DOJ has standard pay bands, so any DOJ starting position in Toronto would be the same (but ignore Criminal as they have a different union) I'd check here and see if you can find your position or closest.
  5. Tax Lawyers

    You can also go in house at a large enough corporation that would it's worthwhile to have a tax lawyer. Maximumbob recently did that. To further elaborate on providence, you could work for the government either in Justice as a litigator, unlikely if your experience is as a planner, or in Finance to develop policy and legislation, or work for CRA directly (they have all manner of tax lawyers working for them, in rulings, and various branches), or certain other branches of government also use tax lawyers. I met a couple lawyers who worked negotiating tax treaties; their job sounded cool.
  6. Tax Court of Canada Clerkship Interview

    I did, but it was a little while ago. I don't know if the process has changed, but I think that's it, you interview with 3 judges, talking about the case you selected. The written test is to make sure you can write coherently. The experience was great, I don't regret it one bit, it was instrumental in me getting some interviews and my current position, as a tax litigator. I found that generally it got people to 'give me a look' or consider my application because of the clerkship.
  7. Crypto Currency and Law

    I don't see the huge advantage of 'smart' contracts to cover transactions between party A & B. We have taken a couple of centuries to build a pretty good system. However, where there is a transaction that needs to be verified by a central database, I can see how blockchain would change things. For example, property conveyances (house, cars, etc.) could be done person to person with no additional verification needed. It could be huge for VAT's.
  8. Crypto Currency and Law

    The Young Practitioner's of the Canadian Tax Forum did a seminar in November on this. It will certainly impact tax (what doesn't?) and it seems like it may be regulated by securities law though that is still being decided. Must be tough to advise right now with the law still being figured out. It's tough to even advise a client if they're gains are on income or capital, or even what bitcoin is (CRA does not take the view it is a currency at the moment) One issue I see right now is the power consumption requirements, bitcoin is hitting limits it takes too much electricity to mine/verify transactions. I agree with conge, at some point, blockchain has the potential to radically alter anything based on a central database/verification system so in addition to the above, voting, secure identities are others.
  9. Tax Lawyers

    That's unique in my experience, good for you!
  10. Partnership Arrangements

    Luckycharm is right, I would want to see the last few years of financial statements, and then give it to an accountant and get their advice. Then you have to look at the partnership agreement, as to how the pie is carved up.
  11. Tax Lawyers

    Welcome! Were/are you a CA?
  12. Tax Lawyers

    FWIW, I get emails/calls from headhunters and they want planners probably 4 or 5 to 1 though I think that's because I'm in the 3-4 year range where that is a desirable amount of experience for a planner, less so for a litigator. I suspect it's about 5-7 for a litigator. In terms of stable/predictable, I would say as a litigator generally yes, because I'm always litigating against the DOJ and they're reasonable and sane, and not jerks so I get a lot of control over my deadlines and while things never quite go as expected, generally I can see the peaks and valleys a ways away.
  13. Tax Lawyers

    Agree, it's hard to justify paying for it out of your own pocket. As mentioned, the CTF is the organization for tax professionals in Canada. In terms of the market, I think it's great for tax lawyers right now. Many tax lawyers I know are getting calls by headhunters, but primarily for planning, especially if you have a few years experience.
  14. Tax Lawyers

    You would know more than I. I suppose it depends if it really is tax or bust for the student, then might as well indicate as such and if the firm likes you but just can't accommodate you at the time, like you said, they will likely reach out to see if they can find someone who does need a tax associate. But if you'd like to do tax, but also would be interested in something else, that's different I think. I know some of my colleagues strongly wanted to do tax litigation but would have been happy litigating if they couldn't do tax litigation. For me, I only wanted tax, but was ok with planning or litigation or a mix.
  15. Tax Lawyers

    Exactly, my point is simply that not summering/articling in tax doesn't put you behind the eight ball in any way, as bob says, it's preferable. As far as signalling interest in tax, I haven't worked at a national firm, but signalling your strong interest in tax can backfire. If they don't need a tax associate, and you've sent too strong a signal it's tax or bust, it's not rocket science what they're going to do on hireback.
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