employee ownership trusts – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 01 Nov 2024 19:12:49 +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-91/ Fri, 19 Jul 2024 13:00:29 +0000 https://www.benefitscanada.com/?p=158252 An article on an Ontario court ruling that determined an employer wasn’t obligated to preserve past service benefits was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Ontario court rules employer not obligated to preserve past service benefits 2. 49% of […]

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]]> Employee ownership trusts taking shape in Canada https://www.benefitscanada.com/news/bencan/employee-ownership-trusts-taking-shape-in-canada/ Wed, 17 Jul 2024 13:00:35 +0000 https://www.benefitscanada.com/?p=158161 Three times a year, the roughly 600 employees of Friesens Corp. gather in front of the printing house to accept envelopes, each one holding a cheque for the workers’ share of company profits. They all get a cut because they’re all owners. The company, based in the small town of Altona, Man., is set up […]

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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-88/ Fri, 28 Jun 2024 13:00:38 +0000 https://www.benefitscanada.com/?p=157562 An article on the benefits of tailoring an individual’s work schedule around their circadian rhythm and optimum times of productivity was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. How ‘Chronoworking’ is helping boost employee productivity, recruitment 2. FSRA releases final […]

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]]> Feds should make capital gains tax exemption permanent for employee ownership trusts: report https://www.benefitscanada.com/news/bencan/feds-should-make-capital-gains-tax-exemption-permanent-for-employee-ownership-trusts-report/ Fri, 21 Jun 2024 13:00:41 +0000 https://www.benefitscanada.com/?p=157040 Academics from the Canadian Centre for Policy Alternatives and the University of Victoria have released a report calling on the federal government to make permanent its new partial capital gains tax exemption for sales of existing firms to employee ownership trusts and extend it to worker cooperatives. In its 2024 budget, the federal government released further […]

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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-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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