New Legislation for Business Successions: Employee Ownership Trusts

Seventy-six percent of all Canadian SMBs are going to change hands in the next decade. When business owners sell the company to their employees using Canada's new Employee Ownership Trust legislation, they can save up to $3.3 million dollars through a Capital Gains Tax exemption, and at the same time preserve the seller's legacy, protect employees, and keep businesses local.

Key Learnings:

• What is an Employee Ownership Trust (EOT)
• What are the qualifications & requirements for an EOT
• What are the advantages of an EOT for the sellers and for the employees
• How is the sale to an EOT structured
• Why the governance structure involves both a company board and a Trustee board, and how they work together
• The details of the legislation and the Capital Gains Tax exemption

Instructor(s): Tiara Letourneau, CEO and Founder of Rewrite Capital Advisors