• employee-owned company,  employees,  Retention

    A Long Time ESOP Company is Becoming 100% Employee Owned

    Back in 2011 EBI watched with interest as EllisDon, a long-time ESOP company, took the recession in stride as one of Canada’s Top 100 Employers for 2012. In The Globe and Mail article, the firm’s vice-president of leadership and entrepreneurial development shared that in the previous year, 84 percent of employees who were offered shares accepted, an increase from the usual rate of around 70% — because they believed in the ESOP and the company. Our president, Perry Phillips, told the Globe and Mail “the employees who are engaged as owners will now do whatever it takes to get that company through tough times. I’ve seen this constantly. A lot of…

  • employees,  ESOP Benefits,  Taxes

    Canadian Tax Issues for ESOPs

    The Canadian tax deadline is May 1st and as we all know only two things in life are certain – death and taxes. And for a lot of people doing taxes is a death defying experience. ESOPs or Employee Share Ownership Plans have special tax related issues. There are three types of ESOPs in Canada.

  • employee-owned company,  employees

    ESOPs Offer a Retirement Savings Solution

    If Canada is facing a retirement savings crisis, then expansion of Canada Pension Plan (CPP) is only a small part of the solution. How else can we encourage Canadians to save for retirement? A model that’s proven to be extremely effective in helping more people build wealth while keeping businesses competitive is employee share ownership plans (ESOPs).