The Canadian Employee Ownership era is about to begin

Last week, the final details of a tax incentive to encourage business owners to sell to their employees through the new Employee Ownership Trust were released. Sellers who sell a majority of their companies will be entitled to up to 10M in tax-free capital gains.
This approach follows the US and UK, who have seen massive increases in employee ownership following the introduction of tax incentives. In both countries, as in Canada, these incentives are intended to balance the additional cost, risk and complexity of selling to workers. MORE