Leo Palay

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Leo Palay

Leo Palay Associate

  • University of Winnipeg, (B.B.A., 2014)
  • University of Manitoba, (J.D., 2017)
  • Canadian Bar Association intensive in residence Tax Law For Lawyer's Course

Leo works closely with both established private businesses and startup businesses in order to maximize tax efficient growth while protecting the interest of the founders every step of the way. When the time is right for the client, Leo provides pragmatic and effective advice on the sale of their business, bearing in mind both tax and business considerations.

Leo is known for his aptitude for detailed research, thoroughness and understanding of complex tax situations. He has worked with small business owners and delivered presentations on corporate and tax law to help them better understand the tax planning tools that Canadian businesses and their shareholders have available as well as how to avoid the common pitfalls that can result in significant tax costs. He also lectures at the University of Manitoba Law School on corporate taxation for second and third year law students.

Leo is an active volunteer in his community and enjoys applying his knowledge of corporate and tax law to help charitable organizations continue the selfless work that impacts communities across Manitoba.

Memberships and Professional Designations

  • Canadian Bar Association 
  • Manitoba Bar Association 
  • Law Society of Manitoba 
  • Canadian Tax Foundation

Community Involvement

  • Camp Massad of Manitoba, Volunteer 
  • Hebrew University of Jerusalem, Volunteer 
  • Pro Bono Students Canada, Volunteer (2015) 


  • University of Manitoba Faculty of Law, Corporate Taxation Course for Second and Third Year Law Students; Sessional Lecturer. 
  • Tax Planning for Entrepreneurs, Alumni of World Entrepreneurs; Guest Speaker (June 14th, 2018) 
  • University of Manitoba Faculty of Law; Business Clinic Course; Lecturer On The Impact Of A Purchase And Sale Of A Business From A Corporate & Commercial And Tax Planning Perspective (March 8th & 15th, 2018 at Taylor McCaffrey LLP). 
  • Tax Planning For Financial Planners And Small Business Owners (December 12th, 2017) on the following topics; 
    • Surplus Stripping at Capital Gains Rates
    • Pipeline Transactions
    • Flow-Through Shares
    • Income Sprinkling
    • Use of Lifetime Capital Gains Deduction
    • Passive Investment Income
    • Multiple Wills