'Casual staff or CEO, everyone gets the same': How a social services agency transitioned to employee ownership
Through the Employee Ownership Trust (EOT) model proposed in Budget 2023, Taproot Community Support Services has transferred all ownership to its 750 employees around Canada.
Why It Matters
According to research by the Canadian Federation of Independent Business, 76 per cent of Canada’s business owners plan to exit their businesses in the next decade. The EOT legislation has been designed to ease those businesses' succession planning and spread the benefits of wealth. However, advocates warn that there might be a gaping hole in the legislation that the Carney government must urgently address in the Fall Budget.
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