How do we not go broke? | Gloves Off Podcast

Heather Scoffield is founding CEO of a new independent nonprofit Canadian institution created to lead an informed national conversation on the links between taxation, economic fairness and a thriving democracy. Under her leadership, the Canadian Tax Observatory will drive in-depth research that pulls apart the strands of our current system so that we can thoroughly evaluate where we are and engage Canadians in a broad discussion about how to support economic growth while improving the fairness of Canada’s tax system. Over the next six months, the Observatory will connect with researchers in Canada, build alliances globally and develop its research agenda.

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.