January 21, 2025, Toronto (ON): Social Capital Partners CEO Matthew Mendelsohn today announced the appointment of a new Advisory Board that will support the organization in its next phase of work confronting growing wealth inequality in Canada. The nonprofit’s mission is to create more pathways to wealth and asset ownership for working people.

“The economic assumptions that have informed our understandings of how capitalist, democratic economies work are collapsing in front of our eyes,” says Mendelsohn. “That vacuum needs to be filled with realistic and viable options to make the economy work better for more people.”

The data are clear that working people and young people are facing higher barriers to economic security than in previous decades. Those challenges are creating well-founded anxieties that are causing the destabilization of democratic societies around the world.

“At Social Capital Partners, we are comfortable trying new things, even when we’re unsure of the outcomes,” says Mendelsohn. “We have assembled a creative, intellectually diverse group of brilliant, kind Canadians who all want our economy to work better. They will challenge our assumptions and help us make the right strategic choices about where we put our resources in the coming years.”

Advisory Board members will advise on SCP’s strategy and agenda, drawing on decades of experience across finance, business, government, public policy, communications, civil society and community economic development. They include:

“We have assembled a creative, intellectually diverse group of brilliant, kind Canadians who all want our economy to work better.”

Upkar Arora, CEO of Rally Assets.

Victor Beausoleil, Executive Director of SETSI – The Social Economy Through Social Inclusion.

Vass Bednar, Executive Director of McMaster University’s Master of Public Policy in Digital Society program.

Tiffany Callender, Co-Founder and CEO, Federation of African Canadian Economics (FACE).

Jeff Cyr, Founder & Managing Partner of Raven Indigenous Raven Indigenous Capital Partners.

Brian Dijkema, President, Canada at Cardus.

Tariq Fancy, Founder of The Rumie Initiative.

Rob Germain, CEO at CHEK Media.

Alex Himelfarb, Former Clerk of the Privy Council.

Charmian Love, Chief International Advocacy Officer at Natura &Co.

Marguerite Mendell, Distinguished Professor Emerita at the School of Community and Public Affairs and Director of the Karl Polyani Institute of Political Economy and Concordia University.

Erin Millar, CEO and Co-founder of Indiegraf.

Jennifer Robson, Associate Professor of Political Management at Carleton University.

Edward Waitzer, past Chair of Stikeman Elliott LLP.

To learn more about the Advisory Board and see complete biographies, please visit www.socialcapitalpartners.ca/our-people/.

About Social Capital Partners

Who owns the economy matters. Social Capital Partners believes working people deserve a fighting chance to build economic security and wealth. A Canadian nonprofit organization founded in 2001, we undertake public policy research, invest in initiatives and advocate for ideas that broaden access to wealth, ownership and opportunity, and that push back against extreme economic inequality. To learn more, please connect with us on LinkedIn or Bluesky or visit socialcapitalpartners.ca.

For more information, or to arrange an interview, please contact:

Katherine Janson
Director of Communications
Social Capital Partners
647-717-8674
katherine@socialcapitalpartners.ca


Share with a friend

Related reading

Busy downtown Canadian street corner

Reflections on Budget 2025: Economic growth alone won’t save us

Budget 2025 includes hopeful initiatives that will deliver real benefits to working Canadians at this time. In this reflection, SCP CEO Matthew Mendelsohn explains that, strategically, we really like the Budget’s focus on industrial strategy, some tentative steps on making more capital available to a wider diversity of Canadians and commitments to loosen the grip that our oligopolistic sectors have over our economy.  However, we are concerned by the lack of a strategic approach to providing more working people and young people a path to wealth, ownership and economic security. While the Budget responds to the wish list that corporate Canada has articulated for several years, there are no guarantees that they will indeed step up to invest—or that those investments will produce growth that benefits working people and communities.   

Budget 2025 did not extend the $10M capital-gains exemption for sales through EOTs

We share the disappointment felt across Canada’s business and advisory community that Budget 2025 did not make the $10 million capital gains exemption for sales through Employee Ownership Trusts (EOTs) a permanent feature of Canada’s tax system. The current incentive, passed only in 2024 with an expiry set for December 2026, means that the business community has not had adequate time to act on this opportunity or build adequate momentum for this promising succession model. In this statement, Employee Ownership Canada responds to the Budget and reaffirms its strong commitment to working with government and partners to make the capital gains exemption permanent, ensuring employee ownership trusts remain a viable, long-term option for Canadian businesses.

Woman writes on glass with colleagues

FAQs on Budget 2025 and the future of Employee Ownership Trusts (EOTs) in Canada

There is some confusion out there about Budget 2025 and employee ownership trusts (EOTs). To confirm, the federal government did not extend the $10M capital-gains exemption for sales through EOTs, in the budget released on Tuesday, November 4, 2025. Because the sale of a business to an EOT is a process that often takes more than a year, certainty on the rules is essential for owners, advisors and employees planning succession. In this FAQ, Employee Ownership Canada answers key questions about what’s enacted now, why the incentive matters for uptake and how the sector, businesses and the organization are moving forward from the Budget news.

Skip to content