employee ownership trusts – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-64/ Fri, 08 Dec 2023 14:00:06 +0000 https://www.benefitscanada.com/?p=148547 An article on how Ontario’s proposed pay transparency legislation will impact employers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. How Ontario pay transparency legislation will impact employers 2. Expert panel: How interest rates impact DB pension plans 3. How employers can shift younger workers’ ‘soft saving’ […]

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]]> Feds’ new tax exemption could drive more employers to leverage employee ownership trusts: expert https://www.benefitscanada.com/pensions/governance-law/feds-new-tax-exemption-could-drive-more-employers-to-leverage-employee-ownership-trusts-expert/ Fri, 01 Dec 2023 14:00:31 +0000 https://www.benefitscanada.com/?p=147900 A new federal tax exemption for employee ownership trusts could spur retiring business owners to sell their companies to workers, says Jon Shell, managing director of Social Capital Partners. The federal government’s 2023 budget introduced tax rules to facilitate the creation of EOTs, but the legislation was criticized by experts for its lack of incentives […]

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]]> Feds consider end of ‘30% rule’ for pensions, propose EI adoption benefit: fall economic statement https://www.benefitscanada.com/news/bencan/feds-consider-end-of-30-rule-for-pensions-propose-ei-adoption-benefit-fall-economic-statement/ Wed, 22 Nov 2023 14:00:47 +0000 https://www.benefitscanada.com/?p=147516 In its 2023 fall economic statement, the federal government said it will consider removing the rule that restricts Canadian pension funds from holding more than 30 per cent of the voting shares of most corporations. The move is part of an effort “to create an environment that encourages and identifies more opportunities for investments in […]

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]]> Canadian employee ownership trust model missing incentives for companies: expert https://www.benefitscanada.com/pensions/governance-law/canadian-employee-ownership-trust-model-missing-incentives-for-companies-expert/ Fri, 21 Apr 2023 13:00:05 +0000 https://www.benefitscanada.com/?p=136410 As the Canadian government develops its legislation to permit employee ownership trusts, the fact that the proposed model doesn’t include incentives is a big blow to companies considering the option, according to one expert. “I would have had a different answer for you prior to the [2023] budget,” says Jon Shell, managing partner at Toronto-based Social […]

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]]> Enhanced national dental plan to require reporting of employer-provided coverage: budget https://www.benefitscanada.com/news/bencan/enhanced-national-dental-plan-to-require-reporting-of-employer-provided-coverage-budget/ Wed, 29 Mar 2023 13:00:22 +0000 https://www.benefitscanada.com/?p=135760 In its 2023 budget on Tuesday, the federal government proposed roughly $13 billion over the next five years and $4.4 billion ongoing to fully implement the national dental-care program. The plan — to be administered by Health Canada, with support from a third-party benefits administrator — will provide dental coverage for uninsured Canadians with annual […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-24/ Fri, 17 Feb 2023 14:00:59 +0000 https://www.benefitscanada.com/?p=134129 An article on how employers can close the pension gap among BIPOC employees was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Employers can leverage choice, education to help close pension gap among BIPOC workers 2. Ontario biosimilars policy could cut drug costs for plan […]

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]]> Coalition seeking to bring employee ownership trusts to Canada https://www.benefitscanada.com/news/bencan/coalition-seeking-to-bring-employee-ownership-trusts-to-canada/ Fri, 10 Feb 2023 14:00:40 +0000 https://www.benefitscanada.com/?p=133718 The Canadian Employee Ownership Coalition is urging the federal government to introduce an employee ownership trust in the next federal budget and to remove tax barriers to employee ownership by adopting the U.K.’s approach to a capital gains tax exemption. The federal government pledged to study the barriers to employee ownership in its 2021 budget and committed […]

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]]> What’s in the federal budget for employers, employees? https://www.benefitscanada.com/news/bencan/whats-in-the-federal-budget-for-employers-employees/ Fri, 08 Apr 2022 13:00:09 +0000 https://www.benefitscanada.com/?p=119314 The federal government’s 2022 budget, which set out $56 billion in new spending on Thursday, has a few offerings that could impact employers and employees. Dental-care program, pharmacare The budget confirmed the government’s commitment to rolling out a national dental-care program, which was announced in March, by specifying a $5.3-billion investment in its implementation. It also […]

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]]> Head to Head: Should the U.S. ESOP structure be brought to Canada? https://www.benefitscanada.com/archives_/benefits-canada-archive/head-to-head-should-the-u-s-esop-structure-be-brought-to-canada/ Fri, 18 Mar 2022 12:59:20 +0000 https://www.benefitscanada.com/?p=118214 Canadian employers should consider the pros and cons of employee share ownership plans on both sides of the border. Loren Rodgers, executive director of the National Center for Employee Ownership (pictured left) Canada should maintain the current paths by which companies are creating employee ownership, but it should also create a new vehicle that draws […]

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]]> New report backs up calls to bring employee ownership to Canada https://www.benefitscanada.com/news/new-report-backs-up-calls-to-bring-employee-ownership-to-canada/ Mon, 07 Mar 2022 14:00:36 +0000 https://www.benefitscanada.com/?p=117745 Developing a made-in-Canada approach to employee ownership trusts will address multiple public policy challenges, according to a new report by non-profit Social Capital Partners. Employee-owned companies — where a broad base of employees own a significant stake in their employer — are associated with better company performance, stronger local economies, long-term investment and higher wealth […]

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