Category: Canadian

FEATURE
Understanding Employee Ownership Trusts (Ep. 20)

Understanding Employee Ownership Trusts (Ep. 20)

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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 how 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

Connect with Frankie Loreto and Sarah Netley: 

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FEATURE
Prorogued Parliament and the Impact on Tax Laws with John Oakey (Ep.19)

Prorogued Parliament and the Impact on Tax Laws with John Oakey (Ep.19)

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Are you ready to explore the complex but crucial world of tax legislation and its implications for your business?

Frankie and Sarah are joined by John Oakey, Vice President of Taxation for CPA Canada, on a deep dive into how the prorogation of Parliament is shaking up tax legislation, with a particular focus on the proposed changes to the treatment of capital gains. 

Frankie and Sarah discuss: 

  • The effects of prorogation on existing and proposed tax bills 
  • The uncertainty surrounding the capital gains changes and how taxpayers can prepare
  • Different options for managing tax liabilities amidst legislative limbo
  • Strategies for dealing with trust and investment taxation during these uncertain times

Connect with Frankie Loreto and Sarah Netley: 

Connect with John Oakey:

About Our Guest: 

As Vice-President of Taxation, John leads CPA Canada’s Tax group, which influences the development of an equitable, effective and efficient tax system in Canada, as well as delivers practical information and fresh perspectives on tax to members and the broader tax community.

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