Different types of employee ownership have existed in Canada for decades, but in 2024, the federal government amended the Income Tax Act to introduce a new option called an employee ownership trust (EOT).
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Different types of employee ownership have existed in Canada for decades, but in 2024, the federal government amended the Income Tax Act to introduce a new option called an employee ownership trust (EOT).
Source: CBC News Calgary
Selling to a U.S. company was an endgame for many Canadian businesses. The government is trying to change that | CBC News
A new type of employee ownership comes at a time when the country is facing a wave of baby boomer entrepreneurs nearing retirement and an increased focus on strengthening the national economy in the face of a trade war with the U.S.
CBC (www.cbc.ca)
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