Paper: Investments by Canadians in Private Equity Funds - Primary and Secondary Transactions


Private equity funds are becoming more prevalent in Canada and internationally. The authors, Derek Chan, Director, Tax, Northleaf Capital Partners, and Nigel Johnston, Partner, McCarthy Tetrault LLP, consider an investment in a private equity fund, whether established in Canada or abroad, from the perspective of a Canadian investor, and they consider protections that Canadian investors might seek from a Canadian tax perspective. The authors also address Canadian tax considerations that may apply on the sale of a previously issued unit of a fund.

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First published by the Canadian Tax Foundation in Report of Proceedings of the Seventy-First Tax Conference, 2019 Conference Report (Toronto: Canadian Tax Foundation, 2020).