Steve Suarez


[email protected]

Steve Suarez is a partner in the Toronto office of Borden Ladner Gervais LLP. He works exclusively in the income tax area, focusing on mergers and acquisitions, inbound & outbound investment, corporate restructurings and audit management and tax dispute resolution, with particular focus on the energy and natural resources sector.

He writes and speaks frequently on taxation matters and is active in numerous Canadian and international tax organizations. He is the founder of Business Tax Canada, a website devoted to Canadian tax issues of interest to non-resident businesses and investors, and created and maintains, a website devoted to taxation issues of relevance to the mining community.

Steve is the Co-Chair of the Canadian Chamber of Commerce Economics & Taxation Committee, a Councillor of the Canadian Branch of the International Fiscal Association, and a member of the Taxation Committee of the Mining Association of Canada. He is listed as a leading tax practitioner in various international and Canadian directories of legal advisors.

Steve is a member of the Law Society of Ontario, admitted to the bar of New York, and on the Roll of Solicitors (England & Wales).



  • Represented Modine in its acquisition of Scott Springfield Manufacturing
  • Represented Northland Power Inc. and its affiliates on the acquisition, development, construction, debt and equity financing of the $750 million, 250 MW Oneida battery storage project.
  • Represented Pan American Silver Corp. in its joint US$4.8 billion acquisition, with Agnico Eagle Mines Limited, of Yamana Gold Inc.
  • Acted for Capital Power Corporation (TSX:CPX) in connection with its public offering of $350 million green 7.95% Fixed-to-Fixed Rate subordinated notes under a base shelf prospectus, as supplemented by a prospectus supplement.
  • Acted as Counsel for the Canadian Chamber of Commerce, intervening before the Supreme Court of Canada in Deans Knight Income Corporation v His Majesty the King.
  • Loblaw Companies Limited, on the $845 million acquisition by its wholly-owned subsidiary Shoppers Drug Mart of Lifemark Health Group.
  • Sterling Capital Brokers in its merger with Luedey Consultants Inc. to become one of the largest independent employee-owned benefit consulting firms in Canada.
  • Epiroc Canada Holding Inc., a subsidiary of Epiroc Rock Drills AB, in its acquisition of 100% of MineRP Holdings Inc. from Dundee Precious Metals Inc. (TSX: DPM).
  • BNY Mellon Wealth Management, Advisory Services, Inc. in its sale to Guardian Capital Group (TSX: GCG).
  • SterlingCapitalBrokers Ltd. acquired all of the issued and outstanding shares of Riverview Insurance Solutions Inc.
  • Virtu Financial (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting-edge technology, in its sale of MATCHNow marketplace to Cboe Global Markets.
  • Canadian Premier Life Insurance Company in its acquisition of Gerber Life Insurance Company's Canadian insurance business from U.S.-based Western & Southern Financial Group.
  • Berkshire Hathaway Energy Company (BHE), in its indirect share purchase acquisition of the Montana Alberta Tie-Line from Enbridge Inc. for an approximate purchase price of $200M.
  • Atlas Copco AB on its divisive reorganization and spin-out of Epiroc AB.
  • HollyFrontier Corporation in connection with its acquisition of Petro-Canada Lubricants Inc. from Suncor Energy.
  • Health Care REIT in connection with its $1-billion acquisition of HealthLease Properties REIT.
  • Ridley Inc. in its acquisition by way of plan of arrangement by Alltech, Inc.
  • Cynapsus Therapeutics Inc. in connection with its going-private transaction by way of plan of arrangement involving Sunovion Pharmaceuticals Inc.
  • The DOW Chemical Company in connection with the sale of its ownership interest in MEGlobal to EQUATE Petrochemical Company K.S.C. (EQUATE).
  • JLL Partners in connection with its acquisition of Patheon Inc. and concurrent combination with Royal DSM.
  • Agents (co-led by RBC Capital Markets and TD Securities Inc.) in the offering of senior unsecured debentures, Series G of Cameco Corporation.
  • George Weston Limited in connection with its issuance of senior unsecured notes.
  • Dominion Diamond Corporation (formerly Harry Winston Diamond Corporation) in connection with its acquisition of the Ekati diamond mine from BHP Billiton Canada Inc.
  • Parrish & Heimbecker Limited in its acquisitions of Weyburn Inland Terminal Ltd., Thirdcoast Limited and Dover Industries Limited.
  • Softchoice Corporation in connection with its going-private transaction by way of plan of arrangement involving Birch Hill Equity Partners.
  • North American Energy Partners Inc. in connection with the sale of its piling division to Keller Group plc.
  • Eldorado Gold Corporation in its acquisition of European Goldfields Limited.
  • London Stock Exchange Group plc in its proposed merger of equals with TMX Group Inc.
  • Inco Limited on its proposed merger with Phelps Dodge Corporation and subsequent acquisition by Companhia Vale do Rio Doce.
  • Placer Dome Inc. in the unsolicited offer by Barrick Gold Corporation and resulting negotiated merger.
  • BCE Inc. in the formation of Bell Globemedia with The Thomson Corporation and The Woodbridge Company Limited.
  • Adolph Coors Company on its merger with Molson Inc.
  • Walter Energy, Inc. in its acquisition of Western Coal Corp.
  • The Seagram Company Ltd. in its acquisition by Vivendi.
  • Magna International in the going-private transactions of its publicly traded subsidiaries, Tesma, Decoma and Intier Automotive, and in its spin-out of MI Developments Ltd.
  • CanWest Global Communications Corp. in its acquisition of Alliance Atlantis Inc.
  • Acted for Capital Power Corporation (TSX:CPX) in connection with its public offering of $350 million green 7.95% Fixed-to-Fixed Rate subordinated notes under a base shelf prospectus, as supplemented by a prospectus supplement. 

Beyond Our Walls

Professional Involvement

  • Co-Chair, Economic & Taxation Policy Committee, Canadian Chamber of Commerce
  • Councillor, Canadian branch of International Fiscal Association
  • Co-chair, Toronto Centre Canada Revenue Agency and Tax Professionals Consultation Group
  • Special Advisor, taxation committee of the Mining Association of Canada
  • Member, Business at OECD Committee (BIAC)
  • Past Chair, Tax Section of the Canadian Bar Association (Ontario)

Awards & Recognitions

  • Recognized in 2024 edition (and since 2023) of The Best Lawyers in Canada® (Tax Law).
  • Recognized in the 2024 (and since 2016) edition of Chambers Canada — Canada's Leading Lawyers for Business (Tax (Nationwide)).
  • Recognized in the 2024 (and since 2015) edition of Chambers Global — The World's Leading Lawyers for Business (Tax).
  • Recognized in the 2024 (and since 2014) edition of The Canadian Legal Lexpert Directory (Corporate Tax)
  • Recognized as Leader in the 2023 edition of ITR World Tax - World Tax Practitioners.
  • Recognized as one of the world’s leading practitioners in the Who's Who Legal: Corporate Tax 2023 report
  • Recognized in the 2024, 2023 and 2021 editions of Lexpert Special Edition: Finance and M&A
  • Recognized as a Global Leader in the 2023 edition (and since 2014) of Who's Who Legal: Canada(Corporate Tax Advisory, Corporate Tax Controversy) and as a National Leader in the 2022 edition of Who's Who Legal: Canada (Corporate Tax).
  • Recognized in the 2022 edition of IFLR1000 - Expert Guides - Guide to the World’s Leading Tax Advisers - Tax.
  • Recognized in the 2022 (and 2016-2018) edition of Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada (the Lexpert/ALM 500) (Corporate Tax).
  • Recognized in the 2020 edition of World Tax (EG Tax Leading Advisor).
  • Recognized in the fifth annual edition of the Best Lawyers: Global Business Edition.
  • Recognized in the 2020 edition of Who's Who Legal – Thought Leaders (Corporate Tax - both Advisory and Controversy practice areas).
  • Recognized as a leading Canadian lawyer in the 2019 (and since 2015) editions of the Lexpert®/Report on Business Special Edition on Global Mining.
  • Recognized in the 2019 edition (and since 2015) of the Lexpert®/ROB Special Edition – Canada's Leading Corporate Lawyers.
  • Recognized in the 2018 (and since 2016) edition of The Legal 500 Canada (Tax). Previously recognized in 2015 for Corporate Tax.
  • Selected by peers for inclusion in the 2022 (and since 2015) editions of The Best Lawyers in Canada® (Tax Law).
  • Recognized in the 2018 edition of Who's Who Legal — The International Who's Who of Business Lawyers (Corporate Tax — both advisory and controversy practice areas).
  • Recognized as a Corporate Tax by International Tax Review.

Bar Admission & Education

  • Ontario, 1990
  • New York, 1993
  • Roll of Solicitors (England & Wales), 1994
  • MBA, Ivey School of Business, University of Western Ontario, 1994
  • JD, University of Toronto, 1988