• Canadian employee ownership,  Communication,  employee-owned company,  ESOP Benefits,  ESOPs in Canada,  Founding Owners,  participative culture,  Succession planning,  Taxes

    5 questions business owners ask about ESOPs in Canada

      What are the tax benefits to owners and employees?  When setting up an ESOP in Canada it is important to know there are no federal laws that govern ESOPs specifically. ESOPs are set up following securities legislation and The Income Tax Act of Canada. However, a major consideration to designing a plan is the tax treatment to employee shareholders. Plans can be designed so that employees of a Canadian Controlled Private Corporation (CCPC) who become shareholders would not be subject to tax when getting the shares and can access capital gains tax treatment when the shares are sold (50% of the gain is taken into income and taxed at…

  • employee-owned company

    The Philosophy that allows ESOPs (Employee Share Ownership Plans) to create incredibly successful companies.

    First is the philosophy of personal wealth creation. Employees are motivated by financial gain and ESOPs deliver wealth. Second is the philosophy of cultural engagement on a personal basis. The Theory of Group Wisdom holds that groups are more successful over individuals due not to the intellect of each person but due to the social interaction of the group. ESOPs create the conditions of group success through a participative culture of engagement. The combination of personal wealth creation and social interaction create a synergy that few non-ESOP companies can match. The results are ESOP companies with higher productivity, higher profitability, more innovation, and wealthier employees. By Perry Phillips, President and Founder…

  • Communication,  Succession planning

    Employee Engagement is Affected by Neuroscience

    What is the foundation for effective employee engagement within your ESOP? Trust.  Actually, trust is the foundation for every relationship, in any area of your life.  And the only way to create a workplace environment for greater connection, collaboration, innovation, creativity, and success, is by building incrementally higher levels of trust every day. A basic understanding of neuroscience can allow us to have a simple, understandable dialogue about some of the elements that instill trust, employee engagement, and can lead to an even more successful Employee Share Ownership Plan (ESOP).

  • Canadian employee ownership

    Should You Make The Scary Switch To Employee Share Ownership (ESOP)?

    Should you make the scary switch to an ESOP?  Or is it a scary switch? There is often a perception that inviting employees into the ownership circle can  take away value, rather than adding value to a company.  When designed well, this is not true at all. In fact, there are many huge advantages for the owner, the company and the employee team. Tema Frank of Frank Reactions interviewed Employee Ownership Specialist, Dan Ohler, from Edmonton, AB to explore these questions. We invite you to grab a cup of coffee, put on your headset, and enjoy the interview.

  • Canadian employee ownership,  Communication,  Culture,  Employee Ownership,  ESOP Benefits,  ESOPs in Canada,  participative culture

    12 Successful Strategies for Creating a Participative Environment

    Studies in the United States over the last 40 years have repeatedly identified that an employee share ownership plan (ESOP) with a participation component outperforms one without a participation element. Participation means that the employees take on the responsibility of their particular job as well as the accountability that goes along with it by participating in decision-making in their sphere of influence within the organization. Participation is vital to an ESOP. In fact, the same studies have shown that ESOPs without employee participation might be worse than having no ESOP at all. This negative result has been calculated at upwards of 6% of reduced production.