employee ownership – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 21 Nov 2024 20:48:06 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 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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]]> 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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]]> IMCO joining network of employee ownership coalition https://www.benefitscanada.com/news/cir-news-news/imco-joining-network-of-employee-ownership-coalition/ Tue, 24 Oct 2023 15:00:58 +0000 https://www.benefitscanada.com/?p=145769 The Investment Management Corp. of Ontario is joining Ownership Works, a non-profit organization dedicated to implementing broad-based employee ownership programs, as a founding investor partner. Through partnerships with companies and investors, Ownership Works is aiming to change the corporate culture of ownership by integrating broad-based equity plans that include employee ownership, according to a press […]

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]]> U.S. government launching initiative to encourage more employee ownership https://www.benefitscanada.com/pensions/governance-law/u-s-government-launching-initiative-to-encourage-more-employee-ownership/ Wed, 26 Jul 2023 13:00:47 +0000 https://www.benefitscanada.com/?p=141401 The U.S. Department of Labor is launching an employee ownership initiative to encourage more employers and employees to take advantage of these opportunities. The new initiative will fall under part of the SECURE 2.0 Act — which was passed by Congress in 2022 — and aims to empower workers through ownership arrangements and educate them […]

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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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]]> Top 5 HR, benefits and pension stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-and-pension-stories-of-the-week-19/ Fri, 05 Aug 2022 13:00:46 +0000 https://www.benefitscanada.com/?p=125071 An article on a ruling against the Blue Cross Life Insurance Co. of Canada and how it could affect long-term disability premiums was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Ruling against Blue Cross Life Insurance could affect LTD premiums: lawyer 2. Brown and […]

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]]> Brown and Caldwell leveraging employee ownership model with 5% raise amid inflation, tight labour market https://www.benefitscanada.com/news/bencan/brown-and-caldwell-leveraging-employee-ownership-model-with-5-raise-amid-inflation-tight-labour-market/ Tue, 02 Aug 2022 13:00:50 +0000 https://www.benefitscanada.com/?p=124863 Brown and Caldwell is recognizing employees’ hard work and resilience over the last two years with a company-wide salary increase. In July, the engineering consultancy gave employees a five per cent increase on their current salaries. Patti Pederson, the organization’s vice-president of total rewards, says the increase was implemented across the board for everyone actively […]

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