Jan 30, 2023
Employee Ownership Potential Windfall For Workers
Employee Ownership Trusts (EOTs) have the potential to create a stronger economy and build middle-class wealth. Up to 750 companies could sell to EOTs within eight years, creating as much as $9.6 billion in wealth for as many as 115,000 Canadian workers, says a report from the Canadian Federation of Independent Business (CFIB). The non-profit Canadian Employee Ownership Coalition (CEOC) is calling on the federal government to use the 2023 budget to introduce EOTs, adopt a capital gains tax exemption, and introduce rules that protect taxpayers and employees.
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