Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Canada's innovative new legislation for mid-sized business successions.
As of January 1, 2024, Canada's new Employee Ownership Trust (EOT) legislation will be in effect, allowing mid-sized Canadian businesses to be sold to their employees at no cost. In the US and the UK Employee-Owned companies outperform their peers, and their employees earn and save more over the course of their careers. Employee Ownership in Canada is about to take off! Come learn about the new legislation and how employees and sellers can both benefit. This seminar will cover how EOTs are structured, how the sale transaction works, and what requirements must be met in order to qualify. Any CPA who advises or works for mid-size private companies in Canada should get familiar with this new law now.
Key Takeaways
By the end of this course, participants will be able to:
- Understand the new EOT legislation.
- Recognize the qualifications and requirements of an EOT.
- Learn about the unusual governance structure of an EOT.
- Discover how these sale transactions are usually structured.
- Identify the right businesses and owners for this type of sale.
- Become familiar with the performances advantages an EOT has over other models.
Who Will Benefit
CPAs who advise or work within mid-size, private Canadian corporations will benefit from this course. Employee Ownership Trusts are custom built to be a succession plan for business owners who wish to retire but don't have an obvious successor or are concerned about their legacy and the future of their employees. The Federal Government has indicated the first $10 million in proceeds from the sale of a company to an Employee Ownership Trust will be exempted from capital gains tax, making this an advantageous strategy for owners wishing to sell. Be among the first advisors to learn about the legislation and the incentives.
Recording Notice
This online seminar will be recorded. The recording will be repurposed to create an alternate learning format. Learner input and questions captured during the initial recording will be removed in editing.
How to Access the Course
This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time.
Electronic material can be accessed one week prior to the course and should be downloaded in advance.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Tiara Letourneau is CEO for Rewrite Capital Advisors, a private investment and advisory firm dedicated to creating employee ownership for mid-market companies. She is a Director of the Canadian Employee Ownership Coalition, which lobbied for and consulted on the design of Canada's new Employee Ownership Trust legislation.