• Canadian employee ownership,  EOTs,  ESOPs in Canada

    Employee Ownership Trust (EOT) is in Canada

    Most recent info on Canada’s Employee Ownership Trust (EOT) Canadian business owners thinking about succession plans may be curious about a new option when considering an employee ownership transition; the EOT. Employee Share Ownership Plans (ESOPs) in Canada have been used by business owners as they are shown to facilitate numerous benefits; increased retention, engagement, productivity, and profit. They can also improve the country’s economy by spreading the wealth more fairly, protecting small businesses and local work, and improving resiliency of these businesses. The government has created an Employee Ownership Trust (EOT) which comes with tax incentives for business owners who decide the EOT is a fit for their goals.As of January…

  • Canadian employee ownership,  Employee Ownership,  Employee Ownership Trust,  EOTs,  ESOPs in Canada,  Taxes

    Employee Ownership gets a new model

    Most recent info on Canada’s Employee Ownership Trust (EOT) If you read our blogs, of course you are familiar with the typical models of employee share ownership (purchase plans, stock options plans and phantom (or EVOP) plans).You may also already know that there is now a new model; the Employee Ownership Trust (EOT).This structure was heavily researched and advocated for by the Canadian Employee Ownership Coalition (CEOC) and has now been put in place for business owners of Canadian SMEs who want to retire or exit their business but may not have a traditional way to do so (3rd party sale or family transition). You can read more on our other blog.…