How Employee Ownership Trusts keep wealth in Canada | Canadian Business
The coming wave of business successions will shape Canada’s economy for generations. In Canadian Business, Jon Shell explains how employee ownership safeguards economic sovereignty, while boosting growth, productivity and local wealth, giving employees struggling with affordability a new source of income. As entrepreneurs and owners seek alternatives to selling abroad, the employee ownership trust (EOT) provides a practical answer. Instead of letting the EOT tax incentive expire at the end of 2026, now is the time for the government to double down on employee ownership.
A housing boom isn’t a win for wealth equality and here’s why
Canada's wealth gap appeared to narrow between 2019 and 2023 and we set out to make sense of this. SCP's Director of Policy Dan Skilleter, the lead author on our 2024 Billionaire Blindspot report, connected with sector colleagues working on wealth concentration and dug into all the best available data. What he found was that the dip was largely a mirage, driven by a pandemic housing boom that temporarily inflated the one asset ordinary Canadians hold: their home. Meanwhile, these soaring prices locked out an entire generation from building wealth altogether.