Federal budget includes commitment to explore employee ownership–and that’s a good thing

With different rules, companies like the independent retailer Longo’s might now be owned by its employees instead of being acquired by a conglomerate.

Finance Minister Chrystia Freeland’s April budget includes a little-discussed section to look into removing barriers to employee ownership trusts. These trusts can increase resiliency, broaden opportunity, and reduce ownership concentration, writes Jon Shell. The Hill Times photograph by Andrew Meade

Opinion

BY JON SHELL

May 28, 2021

Hidden amongst the many newsworthy items in last month’s federal budget is a small, little-discussed section with the potential to reshape many Canadian industries. In it, the government committed to exploring options to remove barriers to employee ownership trusts ...

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