Employee ownership trusts could help reshape Canada’s economy, but only if done right

While the government’s commitment to set up EOTs in Canada is good news, without major reform to the budget 2023 proposal, very few owners are likely to pursue EOTs in succession planning.

Finance Minister Chrystia Freeland buys her budget day shoes at Simons in Ottawa on March 27, 2023. Media focus during the federal budget last March was largely on new subsidies for clean energy and technology, while the employee ownership trusts garnered much less attention. The Hill Times photograph by Andrew Meade

Opinion

BY ED WAITZER AND MICHAEL DECICCO

June 12, 2023

Media attention for the federal budget in March largely focused on new subsidies for clean energy and technology intended to keep pace with measures in the United States. Unfortunately, one promising budget proposal with the potential to help reshape Canada’s economy garne...

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