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Budget 2024 unleashes unprecedented opportunities for employee ownership in Canada
After four years of research, engagement and advocacy, the federal government has finalized the legislative and tax structure for Employee Ownership Trusts (EOTs). Social Capital Partners and the Canadian Employee Ownership Coalition are grateful for the government's careful work to make EOTs an attractive option for business owners.
May 8, 2024
Unlocking the potential of employee ownership in Canada
In the US and the UK, employee-owned companies grow faster, pay better, are less prone to lay-offs or bankruptcies in economic downturns, and are more likely to keep jobs in local economies. Due to supportive public policy, EOTs are a popular structure for business succession in those countries and have generated significant wealth for front-line employees. Canada does not have a business structure comparable to the employee ownership trust (EOT).
April 19, 2024
Social Capital Partners releases new report on wealth inequality in Canada – concludes that official statistics significantly underestimate the problem
This new report critically analyzes Canada’s flagship wealth survey, the Survey of Financial Security (SFS), and outlines how its methodological shortcomings lead to significant underreporting of wealth inequality.
April 4, 2024
Social Capital Partners appoints Matthew Mendelsohn as new CEO
Social Capital Partners announces the appointment of Matthew Mendelsohn as its new CEO, effective January 2, 2024. Jon Shell, SCP’s current Managing Director will become SCP’s Chair.
November 29, 2023
Taylor Guitars’ transitions to 100% employee ownership with support from the Healthcare of Ontario Pension Plan (HOOPP) and Social Capital Partners (SCP)
In a transaction that would be impossible for a Canadian company, the owners of North America's largest builder of acoustic guitars secure a sustainable future for their company and its employees.
February 16, 2021
Ontario launches rate drop rebate in London
Ontario is launching an innovative partnership with financial institutions to help businesses in London grow and increase employment opportunities for people with disabilities and facing other barriers. Through the new Rate Drop Rebate program, small- and medium-sized businesses that hire eligible people can receive discounted rates on financial products, such as loans. The rebate is made possible through funding from Ontario's two-year, $4-million Community Loans Fund.
April 11, 2016
Ontario financial institutions and government join forces to boost local businesses and do good in communities
Rate Drop Rebate™ pilot is expected to significantly impact those facing barriers to employment include students with limited work experience, long-term unemployed, older unemployed, people with disabilities, newcomers to Canada and unemployed Indigenous persons. The program aims to generate up to 1,100 new employment opportunities.
April 11, 2016
Ontario improving employment opportunities for people facing barriers
Ontario is partnering with leading financial institutions to build on Social Capital Partners existing loan program and create a fund aimed at increasing employment opportunities for people facing employment barriers.
December 3, 2015
Social Capital Partners and Ontario Government to begin consultations with Canadian financial institutions for a Community Loan Pilot Project
Social Capital Partners announces innovative collaboration with the Government of Ontario designed to explore a novel social finance approach that provides employment opportunities for people with disabilities and other vulnerable populations.
November 7, 2014
Social Capital Partners’ collaboration with the Ontario Ministry of Economic Development, Trade and Employment
Social Capital Partners collaborates with Ontario government’s Office of Social Enterprise to explore a pay-for-performance model that will increase access to employment opportunities for persons with disabilities, new Canadians and other traditionally disadvantaged groups.
March 18, 2014