Episode 20 – Understanding Ownership Trusts

Could the introduction of employee ownership trusts in Canada transform your business exit strategy?

Frankie and Sarah delve into Canada's new rules around employee ownership trusts, an intriguing option for business succession introduced in the 2023 federal budget. Their discussion highlights how this new format could revolutionize the way businesses handle buy-sell transitions, especially with the anticipated wave of business sales in the coming decade.

Frankie and Sarah discuss:

• The fundamental structure of employee ownership trusts and their potential role in succession planning

• Key conditions and hurdles involved in implementing these trusts

• The advantages of the $10 million capital gains deduction available through these trusts

• Real-world challenges in adopting this new tax planning tool

• The complex criteria and risks associated with this deduction

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Connect with Frankie Loreto and Sarah Netley

• LinkedIn: Baker Tilly Canada
• LinkedIn: Frankie Loreto
• LinkedIn: Sarah Netley
• ​Telephone: 905.579.5659