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Carol J.
Burns

Partner
  • cburns@airdberlis.com
  • 416.865.7787
Office:
  • Toronto Office
Call to Bar:
Admitted to the Ontario Bar: 1994
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Carol Burns
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Carol takes a thorough and well-researched approach to providing clients tax advice that is tailored to their specific situation and needs. She is committed to staying up to date with the latest developments in tax rules and regulations. A diligent approach enables Carol to solve complex issues and develop structures that are most advantageous to her clients.

Carol is Co-Leader of the firm’s Tax and Charities & Not-for-Profit Law Groups, and a member of the Mining Group. Her practice is focused on income tax with emphasis on corporate taxation. Her areas of specialty include debt forgiveness, deferred plans, employee compensation, divisive reorganization, mutual funds and real estate investment trusts. 

Carol also has expertise with respect to mining tax, including flow-through shares. She is an officer of PDAC Mining Matters, a mining education charity, and has worked closely with the organization for more than 20 years.

She is a contributor to Tax Profile, TaxLine (a monthly newsletter that examines a wide variety of current tax issues of interest) and Canadian Tax Highlights.

Prior to joining the firm, Carol worked in the tax department of a major Canadian accounting firm.

Expertise

  • Mining
  • Tax
  • Charities & Not-for-Profits

Representative Matters

Representative Matter

Allied Properties Completes $560-Million Marketed Public Offering and Concurrent Private Placement

Aird & Berlis represented Allied Properties REIT with a team led by Melanie Cole and Sherri Altshuler and including Amy Marcen-Gaudaur, Meredith McCann, Karlie Nordstrom, Teddy Nikolaou (Capital Markets), Jacob Dubelaar and Ethan Eisen (Real Estate) and Carol Burns (Tax).

February 18, 2026

Representative Matter

Allied Properties Completes $450-Million Green Bond Offering

Aird & Berlis represented Allied Properties with a team that included Sherri Altshuler, Melanie Cole, Amy Marcen-Gaudaur and Annie Xie (Capital Markets), Jacob Dubelaar and Ethan Eisen (Real Estate) and Carol Burns (Tax).

February 24, 2025

Representative Matter

Allied and Partners Reorganize Ownership of TELUS Sky

Aird & Berlis represented Allied Properties Real Estate Investment Trust in the reorganization of the ownership of TELUS Sky, a 60-storey, mixed-use high-rise building in Calgary, Alberta.

December 31, 2024

Representative Matter

Allied Properties Completes $250-Million Offering of Senior Unsecured Debentures

On September 26, 2024, Allied Properties Real Estate Investment Trust (TSX:AP.UN), a leading owner-operator of distinctive urban workspace in Canada’s major cities, completed a private placement of $250 million aggregate principal amount of 5.534% series J senior unsecured debentures.

September 26, 2024

Representative Matter

Allied Properties REIT Completes Acquisition of Ownership Interest in 400 West Georgia and Increased Ownership Interest in 19 Duncan

On April 1, 2024, Allied Properties REIT completed the acquisition from Westbank for an aggregate property value of $920.7 million.

April 01, 2024

Representative Matter

Linamar Corporation Completes $640-Million Acquisition of Bourgault Industries Ltd.

Linamar Corporation completed its acquisition of Bourgault Industries Ltd. and its subsidiaries for $640 million.

February 01, 2024

View More Representative Matters

Professional Involvement

Memberships

  • Canadian Tax Foundation

Related Publications

Article

Permanent Establishment and Remote Work: Updated OECD Guidance

February 13, 2026

Article

Delayed Implementation of New Stock Option Rules

December 20, 2019

Article

Highlights of the 2018 Federal Budget

February 27, 2018

Related News

Firm News

Aird & Berlis Recognized in 2026 ITR World Tax Rankings

November 17, 2025

Firm News

Aird & Berlis Partners Recognized as 2025 ITR World Tax Leaders

August 28, 2024

Education

LLB and MBA, Dalhousie University, 1992
B.Sc., Dalhousie University, 1988
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