The Ownership Solution

Budget 2025 offers Canada a chance to make employee ownership permanent by extending tax incentives for employee ownership trusts (EOTs) and worker co-ops. In Canadian Dimension, Simon Pek, Lorin Busaan and Alex Hemingway write that doing so would boost productivity, reduce inequality and secure business succession, while keeping jobs and decision-making local. A modest investment promises significant economic and social dividends.

For what it’s like to be on the inside of an employee-owned company, we spoke to a few of the 750 employees who recently became 100-per cent owners of Taproot Community Support Services, a social services provider across B.C., Alberta and Ontario. Rewards the employees highlighted include company morale and spirit, for sure. They also include financial rewards paid out annually to each employee as dividends. Last year, each employee would have received about $1000 to $1500 on top of their salaries—and as the company succeeds over time, the employees will share financially in Taproot’s success.

As Canadians, we like to think we’re strong and free. But as SCP's Director of Policy Dan Skilleter explains, when it comes to the wealth gap, we're looking more like America Lite—better manners, but almost all the inequality. The way our economy is set up means that most of the benefits from economic growth go to financial interests and speculators, rather than to workers or other businesses. We can shift economic power to more people and aspiring entrepreneurs by making them owners. When more people have a stake, Canada’s economy works better for everyone—not just investors.

Neil Corbett of the Maple Ridge-Pitt Meadows News reports on locally based Taproot Community Support Services making some business history in Canada. Taproot's 750 employees in B.C., Alberta Ontario will now own 100 per cent of the business, becoming the largest Employee Ownership Trust (EOT) in Canada and the first in the social services sector. Finance minister Francois-Philippe Champagne explains why this is a perfect example of what EOTs can do, calling the trusts "a powerful, timely tool that helps Canadian employees become owners of the businesses they work for, while helping entrepreneurs find the right people to carry their legacy forward."

On Sept. 2, 2025, B.C.-based Taproot community support services surprised its 750 employees with the news they will become equal owners of the company they helped build. Minister of Finance & National Revenue Francois-Philippe Champagne joined CEO Mike Fotheringham and Social Capital Partners Chair Jon Shell to celebrate the new worker-owners and Canada’s largest Employee Ownership Trust (EOT) to date. In the Globe and Mail, Meera Raman reports on Taproot's milestone and how this succession model keeps companies Canadian, keeps jobs in local communities and builds wealth for workers.

There has never been a federal budget quite like this one. Canada faces a moment of extreme peril, threatened by an American administration that has abandoned our mutually beneficial trading and security regime. In our pre-budget submission, Social Capital Partners recommends that Budget 2025 focus on broadening ownership to ensure the benefits of economic growth are more widely shared. Policy choices should move us away from an economy fueled by wealth extraction that enriches billionaires and inflates the bottom lines of foreign funds, and instead, move us towards more local reinvestment that builds an inclusive, sustainable and resilient democratic future where all Canadians have realistic chances to build economic security.