In an annual survey conducted by the International Tax Review, Ernst & Young LLP has been named Canada's top tax advisor for the fifth consecutive year.

The International Tax Review gave the Big Five firm the top position in both tax planning and tax transactions, citing the firms leadership in the areas of commodity tax and transfer pricing. The firm also placed third or higher in the areas of capital markets, cross-border transactions, compliance, mergers and acquisitions, and e-business.

"Five years as Canada's number one tax advisor is a tremendous accomplishment for Ernst & Young and a great source of confidence for our clients," said Michel Lanteigne, Canadian Managing Partner for Ernst & Young. "This is proof positive of our unparalleled and ongoing commitment to excellence in the provision of advice and service."

The survey results are published in the July/August issue of the International Tax Review. For the survey, the International Tax Review questioned thousands of in-house experts and CFOs at leading international corporations and financial institutions. Survey respondents were asked to name the top firms in their jurisdictions, the top specialists, and the top firms in 10 specialty areas.