Rick began his career specializing in employment law.
He practiced employment litigation for about 10 years, then switched to specializing in pensions and benefits at a global actuarial consulting firm where he led the Canadian legal department and managed some of the firm's largest Canadian pension accounts with multi-disciplinary teams of actuaries, lawyers and benefits consultants.
He was then recruited into a Big Four accounting firm as a direct-admit Partner to lead its Canadian pensions, benefits and compensation legal group in the tax line of business. Rick was subsequently recruited into another Big Four accounting firm where he led its national practice of taxation and design of executive compensation and also worked with its expat tax practice on cross-border and Canada-US Tax Treaty issues for executives and senior management.
Rick then led the Canadian executive compensation taxation and design practice at one of the world's largest global compensation consulting firms.
Rick returned to employment law with a highly specialized practice: his practice is limited to providing technical assistance to employment lawyers in the analysis of taxation issues, gross-ups and damages in connection with the entire spectrum of management compensation arrangements.
He is able to do this because of his years of extensive focus on the taxation and design of RSUs, DSUs, PSUs, Hybrids, stock options, SARs, IPPs, RCAs, SERPs and benefits. In some cases his assistance has resulted in identifying and obtaining hundreds of thousands of dollars in additional damages. He assisted the Canadian Association of Non-organized Employees in the preparation of its arguments as an intervenor at the Supreme Court of Canada in the Matthews v. Ocean Nutrition Canada Ltd. case.
He also assists in the design and execution of tax-efficient structuring of settlements. His extensive experience with retirement plans enables him to coordinate with actuaries to design and implement retirement structures as part of some settlements. His assistance in this regard has resulted in millions of dollars of tax savings.
Through his extensive exposure to cross-border taxation of executives, Rick became aware of the special considerations specific to the settlement of cases involving US taxpayers dismissed from employment in Canada. Both US citizens and green card holders are generally subject to US taxes on settlements and awards for Canadian employment-related damages claims.
Pleadings and the structuring of settlements for such claims requires the type of specialized expertise in the taxation of damages on both sides of the border which Rick gained while a Partner and Director at Big Four accounting firms.
Rick has lectured at the Law Society's professional development program, Humber College, various Federated Press programs and the Annual Canadian Tax Conference of the Tax Executives Institute. He chairs several Boards and does pro bono legal work in matters of social justice.
For recreation, Rick skis, bikes, ice climbs, paints and has dabbled in hang gliding (not recommended). He is still trying to get his first novel published.
I offer a free initial call to discuss your situation and assess your needs.