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Four reasons our economy needs employee ownership now
Employee ownership offers a timely solution to some of Canada’s most pressing economic challenges, writes Deborah Aarts in Smith Business Insight. Evidence shows that when employees share ownership, businesses become more productive, innovative and resilient. Plus, beyond firm-level gains, employee ownership can help address the coming mass retirement of business owners, protect local economic sovereignty, boost national productivity and reduce wealth inequality. There is enough data about the brass-tacks benefits of employee ownership to sway even the most hardened skeptic.
Advice to the public service: Five ways to confront monsters and chaos
Canada's political and bureaucratic leaders are quickly trying to re-wire the federal government to confront a belligerent Unites States, but systems can’t deliver what they were not designed for. This is a time like no other in our history, writes Matthew Mendelsohn, and those making decisions have not been trained for this—because we haven’t experienced anything like this before. Drawing on his own time in Ottawa, he walks us through five priority “machinery of government” changes our public service needs to make to meet the threat of an increasingly authoritarian, imperialist America.
How to get single family homes out of the hands of investors | Toronto Star
About 1.3 million homes in Canada that could be family-owned are held by investors—mostly individuals. In The Star, Matthew Mendelsohn, the Missing Middle Initiative's Mike Moffat and Jon Shell explain how a simple tax change could finance new rental construction while also freeing up homes for families to buy. The policy would temporarily allow investors to defer capital gains taxes if they reinvest proceeds into new purpose-built rentals. Many policy changes are needed to fully address the complex Canadian housing crises, and this could be one that puts Canadian capital to more productive uses.