The fees claimed were roughly $ 66,000 for services rendered in applying for tax credits, negotiating the departure of an employee, and structuring a tax saving butterfly transaction. (slaw.ca)
Recently, the firm has carved an even finer niche for itself in butterfly transactions, where large companies are broken up into smaller pieces, leading the tax planning for clients in two of the largest such deals in Canadian history. (canadianlawyermag.com)
In late 2011 the clients discovered problems with the butterfly transaction which resulted in a potential income tax liability of $ 1.24 million. (slaw.ca)