Martin Lord is a Partner in our Estates, Wills and Trusts group. His practice focuses on tax law. He advises clients in business matters, particularly in terms of tax planning for the protection and cross-generation transmission of assets through domestic trusts or wills. He also facilitates charitable donations.
Representative files and mandates
Planning wealth holding and transfer — A substantial part of Martin’s activity consists of the various aspects of trust and estate, and corporate laws:
- Drafting complex wills, trusts and other testamentary instruments (including gifts mortis causa in marriage contracts)
- Cross-border tax planning where there are U.S. beneficiaries of Canadian private corporations, by selecting appropriate vehicles such as unlimited companies
- Protecting the harmony of the wealth and estate structure and avoiding conflicting rules where multiple testamentary instruments, trusts and corporations are used to hold assets
- Minimizing the tax impact on the deceased’s income and also eliminating double taxation by proper planning before (ex. freeze) and after death (ex. pipeline), especially where the deceased holds shares of a private corporation
- Shielding heirs and legatees from the risks of negligent or fraudulent estate management
- Winding up or splitting holding corporations between legatees or heirs to avoid double taxation and allow them to have independent control over their share
- Repatriation of untaxed foreign funds through voluntary tax disclosure
- Asset protection trusts.
International manufacturer and distributor of medical and dental supplies — (i) Corporate reorganization to maximise the tax consequence of holding intellectual property (ii) advising and carrying out a tax-efficient alignment of interests among Canadian and foreign shareholders of affiliates by exchanging their shares of subsidiaries for shares in the parent company; also assisting in re-purchasing a significant interest of one of the original shareholders and a partial re-purchase of shares by other shareholders followed by an amalgamation of some of the selling entities and the parent company.
Sale of Recochem Group Inc. — Upon the sale of Recochem (a chemicals production, packaging and distribution company) for an undisclosed amount to US-based Swander Pace Capital, Martin acted for the second time as counsel to the representative of the founder family. The family had held a majority interest since a June 2009 management buy-out. After acting as counsel for that first transaction, Martin sat on the company board for five years. During that time, he helped set up a stock purchase plan for all employees.
North American designer, distributor and retailer of outerwear — Advising a senior executive evolving from a holder of phantom stock units into real equity, and in a subsequent sale of a portion of the equity to a third-party acquirer of the business.
Morbern Inc. — Implemented a complex business family succession plan for Morbern Inc., a global manufacturer and distributor of industrial upholstery fabrics to the automotive, heavy truck and marine industries.
Club de golf Montcalm inc. — Involvement in the family buyout of a business operating a golf facility some 80 km away from Montréal, in the Lanaudière region.
Avoid family feud — Structured a transaction that defused a family dispute and led to a settlement. The context was complicated by elements such as inaccurate minute books and unreported transactions for many decades. The strategy involved converting a freeze of an operating company to a freeze of the holding company.
Liquidator — Represented the liquidator of an estate with a minor child as heir. Settlement of a problem caused by a breached shareholders’ agreement.
Confrontational settings — Settlement of an estate involving the second wife and her child, and the child from a first marriage of the deceased.
Sale of Groupe Marchand to FYidoctors — Representing the shareholders of Groupe Marchand for the sale of their shares to FYI Eye Care Services and Products Inc. and the association of these two companies. Groupe Marchand operates over 85 clinics in Quebec. Headquartered in Calgary, FYidoctors has thereby become one of the country’s leading suppliers of ophthalmic products and services, with over 450 optometrists in more than 280 locations across Canada.
Cross-border investment in a liquefied natural gas project — Acted as tax counsel, with Barry H. Shapiro as general counsel, for a California-based Hedge Fund that made a significant investment in a Quebec Limited Partnership that intends to develop, finance, construct and operate a facility to ship liquefied natural gas. The gas will be purchased from the US and Canada, converted into liquefied gas and shipped to markets that include Europe and Asia.
Canadian Legal Lexpert Directory: Consistently Recommended under Estate & Personal Tax Planning — Estate & Tax Planning
Best Lawyers in Canada: Rated since 2008 in Taxation and Estates and Trusts
Who’s Who Legal: Recognized under Private Client
Association de planification fiscale et financière (APFF): former chair of the board
Canadian Tax Foundation
Society of Trust and Estate Practitioners (STEP): Former director, chair of Montréal section and chair of the technical committee
Bar of Quebec: Member, advisory committee on taxation; former member, tax legislation and administration committee; sat on numerous arbitration committees
Association Henri Capitant — Québec section
7 February 2018
Publications and Conferences
“Historique de l’imposition des revenus professionnels”, APFF Annual Conference, 2017
“Dons philanthropiques — Mon client veut donner: qu’est-ce que je lui conseille”, Notaries’ continuing education series, Quebec Chambre des notaires, 2013
“Dons de bienfaisance dans la planification ante et post mortem de particuliers”, APFF Annual Conference, 2011
“La substitution: une fiducie fiscale sans fiduciaire indépendant”, APFF Annual Conference, 2009
“Planification des documents testamentaires pour les actionnaires”, APFF Annual Conference, 2007
“Practitioners Update Recent Tax Changes”, STEP Canada 9th National Conference, 2007
“Rentes admissibles de fiducie et substitution en faveur du conjoint”, APFF Annual Conference, 2006
“L’accouchement d’un organisme de bienfaisance: ce que le professionnel peut faire pour faciliter la vie à son client”, APFF Annual Conference, 2005
“Budget fédéral 2004: Règles proposées sur les personnes affiliées et fiducies (comprenant les successions)”, APFF Annual Conference, 2004
“Réflexes et planification: contexte transfrontalier Canada–États-Unis”, APFF Annual Conference, 2003
“Planification successorale”, Investment Dealers Association Annual Conference, 2003
“La Planification successorale d’un propriétaire d’entreprise”, APFF Annual Conference, 2002
“Revenus d’entreprise versus gain en capital”, APFF Annual Conference, 2001
“Gel successoral: questions fiscales transfrontalières”, STEP, 2001
“Fiducies testamentaires: problématiques civiles”, APFF Annual Conference, 2000
“Problématiques civiles spécifiques aux fiducies testamentaires”, APFF Seminar on Tax Planning, 2000
“Planification successorale: quels sont les rôles et fonctions du liquidateur”, Canadian Institute, 1999
“La responsabilité du fiduciaire” , Association Henri Capitant, 1999
“Obligations du liquidateur dans l’administration d’une succession”, APFF Annual Conference, 1998
“Règles sur la minimisation des pertes: nouveautés et aspects pratiques des règles transitoires”, APFF Annual Conference, 1997
“Convention entre actionnaires au décès: fin de l’impôt différé”, APFF Annual Conference, 1996
“Transfert d’entreprise parents enfants: l’effet des régimes matrimoniaux selon la méthode d’acquisition des actions de croissance choisie”, APFF Annual Conference, 1995
“Planification en regard du patrimoine familial et en cas de séparation ou divorce” in Colloque sur la planification fiscale et financière personnelle adaptée au besoin d’un médecin omnipraticien, Montréal, 1994
“Rôle et fonctions du liquidateur et partage d’une succession”, dans La planification successorale et le nouveau Code civil, Montréal, Institut canadien, 1994
“Testament fiduciaire”, breakfast conference — APFF regional activities in Montréal, 1994
Chronique planification successorale, “Le consentement libre et éclairé et le testament biologique”, (1994) 16:3 RPFS 645
“Exploitation d’une clinique dentaire: nouveau cadre juridique”, Bulletin de dentistes de Montréal, 1994
“Règlement d’une succession”, APFF Annual Conference, 1993
“Mise à jour des règles relatives aux automobiles”, APFF Annual Conference, 1989
“Fiscalité québécoise et l’international”, Canadian Tax Foundation one-day seminar, 1989
Juris Doctor in Common Law
University of Montréal
Master of Taxation
University of Sherbrooke
Bachelor of Laws
University of Montréal
Call to Bar