Exhibit 8.1
The Bank of Nova Scotia 44 King St. West Scotia Plaza, 8th Floor Toronto, Ontario, Canada M5H 1H1 | Allen & Overy LLP 1221 Avenue of the Americas New York NY 10020 | ||
Tel | 212 610 6300 | ||
Fax | 212 610 6399 | ||
Our ref | 0010146-0000222 NY:17078242.2 | ||
July 22, 2013 |
The Bank of Nova Scotia Registration Statement on Form F-3
Ladies and Gentlemen:
We have acted as special United States tax counsel for The Bank of Nova Scotia, a chartered bank incorporated under the laws of Canada (the "Bank"), and Scotiabank Covered Bond Guarantor Limited Partnership, a Canadian limited partnership (the “Guarantor”, and together with the Bank, the “Registrants”) in connection with the preparation of the registration statement on Form F-3 (the "Registration Statement") filed with the Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "Securities Act") on the date hereof, of which the prospectus (the "Prospectus") forms a part. The Registration Statement registers US$15,000,000,000 aggregate amount of covered bonds which may be issued by the Bank, and guaranteed by the Guarantor.
As United States tax counsel, we have advised the Bank with respect to certain general United States tax consequences of the proposed issuance of the Securities. This advice is summarized under the heading "United States Taxation" (the "Discussion") in the Prospectus. We hereby confirm that the statements set forth in the Discussion represent our opinions as to the matters of law covered by them, subject to the qualifications stated therein.
We are aware that we are referred to in the Discussion in the Prospectus. We hereby consent to the reference to us in that section and the filing with the Commission of this letter as an exhibit to the Registration Statement without thereby implying or admitting that we are "experts" within the meaning of the Securities Act or the rules and regulations of the Commission issued thereunder with respect to any part of the Registration Statement, including this exhibit.
Very truly yours,
/s/ Allen & Overy LLP