Employee Ownership Trusts: What Every ICBA Member Should Know
Discover one of the most important new developments in Canada’s business succession landscape- Employee Ownership Trust (EOT)
Description
As entrepreneurs, contractors, and builders, ICBA members know that a strong business is built by its founders and by its people. Those founders and those people deserve to get what they earned. That’s why staying informed about new tools and opportunities is essential to leading in today’s construction and business landscape.
One of the most important new developments in Canada’s business succession landscape is the Employee Ownership Trust (EOT). This seminar will put EOTs on your radar, giving you the insight to understand what they are, why they matter, and how they’re changing the conversation around business ownership in Canada. We’ll tell you how to sell your business to your employees for its full value, without asking them to put up any cash, all while taking advantage of an enormous tax incentive.
Reasons an EOT might be right for your business succession:
- $10 million tax exemption – a major new benefit for Canadian owners
- A built-in buyer – no need to hunt for a successor
- Protecting legacies – keeping businesses in the hands of people who care
- Canadian sovereignty – ensuring businesses remain Canadian-owned
- Full fair market value – owners aren’t forced to take a discount
- Traditional governance – structured like a business, not a co-op
- Fully leveraged – employees aren’t required to fund the buyout themselves
Gain valuable knowledge about this new planning tool and strengthen your ability to identify opportunities and support growth across the ICBA community.
About the Speakers:
St. John McCloskey, LL.M.
Tax and Administrative Lawyer, Clark Wilson LLP
St. John specializes in complex tax issues, helping clients navigate and plan for future tax challenges.
Learn more about St.John here.
David Ford, FEA, CEPA
Business and M&A Lawyer, Clark Wilson LLP
With over 20 years of experience and dozens of transactions, David is skilled in protecting your interests throughout the business selling process.
Learn more about David here.
Sharing a single registration between two or more individuals is not permitted. Please register each person that will be in attendance.
Technical Requirements
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Computer or laptop. This course may involve on-screen interaction with your instructor and classmates, reading/viewing on-screen content (slides or videos), and interacting via typing with questions or responses. For this reason, cell phones may not be adequate. Windows 10 or Mac iOS.
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Internet connection. For best results, you will want to ensure you have an internet connection with an upload/download speed of 3-5 Mbps. You can test your internet speed here. The minimum recommended speed is 1.5 Mbps, but anything below 3 Mbps may result in loss of quality or buffering. Ideally hardwired connection versus wireless for stability - connect your computer directly to your router using an ethernet cable, rather than using your home wi-fi.
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A quiet space with minimal distractions. Please plan to be fully engaged in the class and clear your work schedule just as you would for the in-class program.
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Comfortable chair.