The government should include a capital gains tax exemption for employee ownership trusts
This would remove a significant barrier to the creation of the trusts. It also reflects the results of the government’s recent consultations with stakeholders.
In broad strokes, employee ownership is when a company’s employees own shares in the company’s stock. The trusts are a form of employee ownership designed for succession, where an owner sells a majority of a company to employees all at once. Company shares are bought through a trustee, using borrowed money to buy these shares at fair market value. These shares are then distributed over time to all employees, not just executives, at no cost to workers.
With the American and British models, owners who sell a substantial portion of their company to employees have access to capital gains tax incentives. This works as a tax deferment for business owners, so that the employees, who received their shares free, will eventually pay taxes when they sell them.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Opinion: The Roxham Road situation requires a diplomatic solutionWe need the U.S. on board if we hope to sustainably resolve the huge flow of refugees seeking asylum straining services in Quebec. To do so, we must show Washington that we can be committed partners in its hemisphere-wide efforts
Lire la suite »
Opinion: Canada’s building codes and standards need to get with the timesAcross the country, codes are often playing catch-up and can vary in confusing ways from province to province
Lire la suite »
Opinion: As a consequence of Putin’s war, Russian culture is headed for the gulagIn some ways, Putin’s Russia is even less culturally tolerant than Stalin’s
Lire la suite »
Opinion: Teck’s coal spinoff is greenwashing and a blow to the ESG movementThe ESG movement was in part designed to make the world cleaner through sustainable energy production, but coal is alive and well despite the spinoffs and sales
Lire la suite »
Opinion: Should the minimum age to receive CPP be increased?Many countries around the world are boosting the age required to receive a public pension
Lire la suite »