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Advocates urge Ottawa to extend ‘no-brainer’ tax incentive for employee ownership
Advocates urge Ottawa to extend a $10 million exemption to support employee ownership trusts, noting 20 to 30 trusts could form this year to aid business succession.
- A tax incentive offering a $10-million capital gains exemption for company owners selling to employee trusts expires in 2026.
- Advocates argue extending the exemption is a 'no-brainer' to allow employee ownership trusts to gain traction.
- While removing financing barriers, employee trusts restrict former owners' involvement and have risk of tax clawbacks.
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36 Articles
36 Articles
Advocates ask Ottawa to extend 'no-brainer' tax incentive for employee ownership
It took Peter Deitz eight years to figure out the best way to sell his business. But it wasn't until the federal government opened up a new option for succession planning that he found the right buyer: his own employees.
·Canada
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Advocates urge Ottawa to extend ‘no-brainer’ tax incentive for employee ownership
It took Peter Deitz eight years to figure out the best way to sell his business. But it wasn’t until the federal government opened up a new option for succession planning that he found the right buyer: his own employees.
·Canada
Read Full Article
Winnipeg Free Press+25 Reposted by 25 other sources
Advocates urge Ottawa to extend 'no-brainer' tax incentive for employee ownership
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Coverage Details
Total News Sources36
Leaning Left25Leaning Right0Center4Last UpdatedBias Distribution86% Left
Bias Distribution
- 86% of the sources lean Left
86% Left
L 86%
14%
Factuality
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