Employee Ownership Canada

What if every employee in your company had a direct stake in its success?  That’s the story of Spartan Controls–a Canadian company that has been employee-owned since 1963. Listen to Grant W. reveal how Spartan Controls went from being owned by three founders to having over 1,000 employee-owners across 13 locations in Canada–all thanks to the employee ownership model. #EmployeeOwnership #CanadaBusiness https://lnkd.in/g4aVqWdW

📣 Employee Ownership Canada will be present at Canadian Association for Financial Empowerment (CAFE-ACAF.org)'s Financial Literacy Leaders Summit next week in Toronto! In this insightful session, our expert panel will explore how inclusive ownership models—such as Employee Ownership Trusts and cooperatives—can empower communities to build sustainable financial futures. What type of future do you see for your organization. Do you have a business idea or a niche market plan and what legacy does that leave for you and the people who stand with you to create it? How can a community be empowered by empowering themselves as owners, employers, and employees or otherwise? Join us to learn from leading voices in understanding Canadian legislative changes, the experience of employee ownership, and discover how these models enhance community resilience, and discuss practical steps to drive broad-based financial literacy and equity. This session will connect emerging legislative frameworks to real-world stories, offering valuable insights for AFCC®s and other certified, licensed, financial literacy leaders, committed to fostering community prosperity. Looking at your worth, your ideas and the future of how that can live in in sustainable ways, is empowerment. Register now! https://lnkd.in/e9WQ933H to hear from expert panelists Rachel Bachmann of EOC, Victor Beausoleil of SETSI and Justine Janssen of CommonShares on exciting new options for inclusive ownership.

Transfert d'entreprise à l'interne: une formule gagnante! 🌟 Transferring a company to its employees - a winning formula! Merci à Univet coopérative vétérinaire et Denis Cayouette qui a rassemblé un panel d'expert(e)s passioné(e)s sur le sujet de transfert à l'interne aujourd'hui à l'Estérel Resort: Grégory Brasseur, du Centre de transfert d'entreprise du Québec - CTEQ, Rachel Bachmann de Employee Ownership Canada, Daniel P. Brunette de Co-operatives and Mutuals Canada -- Coopératives et mutuelles Canada et Sylvie Martel, DG de l'Ordre des médecins vétérinaires du Québec. What options do you have to transfer your company internally? Can you do an Employee Ownership Trust? What about a worker co-op or an employee- shareholder coop? What support or grants exist to support this transfer? What are the key success factors? Lots of questions from the audience in this interactive panel discussion with Veterinary clinic owners. To be continued! 😍

In the UK, "of those owners who are currently working towards a business exit, family succession (22%) is the most popular strategy followed by establishing an employee ownership trust (16%)." WOW! 👏

If you’re planning your exit but don’t like the idea of selling your business to an outsider, the new Canadian 𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗲 𝗢𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗧𝗿𝘂𝘀𝘁 (EOT) might be the solution you need. With an EOT, you can sell your business to your employees. But is it the right move for you? Learn from Tiara Letourneau, the CEO and Co-Founder of Rewrite Capital Advisors, if an EOT is the right exit option for you and your business. Link: https://lnkd.in/g-GM-wjM #EmployeeOwnership #BusinessSuccession

How do you turn a struggling TV station into a thriving, employee-ownership success story? Rob Germain, the CEO of CHEK Media, reveals the game-changing move that saved the station from fading into black. The new Canadian 𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗲 𝗢𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗧𝗿𝘂𝘀𝘁 makes this story possible for businesses across the country. #EmployeeOwnership #BusinessSuccession

🎉 Employee Ownership Month: Spotlight on a Business Leader Tiara Letourneau, Chair of the Board of Employee Ownership Canada and co-founder of Rewrite Capital Advisors. Rewrite is an M&A Advisory company focusing exclusively on Employee Ownership Trust transactions. Rewrite Capital Advisors' mandate is to protect the legacy of leaving sellers while enhancing financial security and engagement for all employees, even the most economically vulnerable. We asked Tiara two common questions about employee ownership: ➡️ What are the key factors not to overlook to facilitate the transition to employee ownership? "1. Although the sale of a company to its employees is an internal transaction, it's still a sale of the company, and it comes with significant due diligence, financial and legal work. Make sure you are setting aside sufficient time and staff-hours to do the work required for the transaction. 2. Selling the company to your employees is a significant change in structure and engagement. Don't overlook the importance of change management, education and good communications during and after the transaction. It is a vital part of making the transition seamless, and allowing everyone to feel confident and excited about the company's future." ➡️ What do you think are the main misconceptions about employee ownership? "1. The first misconception is that employee ownership, particularly EOTs, are risky. In fact the risk on these kinds of transactions is normal to low. People often confuse risk (the potential of loss) with uncertainty (not having a clear understanding). Uncertainty may feel like risk, but is not the same thing. The best way to minimize both risk and uncertainty is to work with experts in the subject. After all, even a routine activity like filing your taxes can become risky if you assign it to someone who is not a tax expert! 2. The second misconception is that banks won't lend for employee ownership transactions. That's simply false. Banks are lending for these kinds of transactions, even for EOT transactions which are relatively new. However not all banks have taken the time to get familiar with these structures, so you'll have easier conversations with banks who are active in the space. 3. The third misconception is that selling to your employees is too complicated. Employee ownership structures do have some complexity involved, and do require thoughtful decision making. But if you've been running a business for a decade (or several decades!), these decisions are not any more difficult than those you have faced in the past. With the right partners for guidance, business owners and management teams are more than capable of navigating these choices and implementing great solutions for their companies." #EmployeeOwnershipMonth #EmployeeOwnershipCanada

Les propriétaires d’une entreprise canadienne disposent d’une formidable nouvelle occasion pour la vente de leur entreprise, et nous avons créé le site 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲-𝗼𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽.𝗰𝗮/𝗳𝗿 afin de l’expliquer. Le 21 juin 2024, le gouvernement fédéral a lancé les Fiducies collectives des employés (FCE), une structure qui s’inspire des réussites des programmes américain et britannique et qui propose un important incitatif fiscal pour encourager à y avoir recours. Cette initiative offre aux entreprises canadiennes une nouvelle option pour la planification de la relève qui habilite les employés et aide les propriétaires à pérenniser leur héritage organisationnel. Aujourd’hui, nous ne faisons pas que lancer un nouveau site web : nous célébrons le commencement d’un nouveau chapitre pour les entreprises canadiennes et les employés. Avec ce nouveau site web, nos objectifs sont les suivants : ➡️ Proposer une information claire sur les entreprises détenues par leurs employés ➡️ Expliquer le fonctionnement du processus de transition vers une FCE ➡️ Répondre aux principales questions sur les FCE que se posent les propriétaires et leurs conseillers ➡️ Souligner les avantages des entreprises détenues par des employés, pour les employés et les propriétaires Le lancement des FCE au Canada présente de nombreux atouts: 💰 𝗗𝗲𝘀 é𝗰𝗼𝗻𝗼𝗺𝗶𝗲𝘀 𝗱’𝗶𝗺𝗽ô𝘁 𝗽𝗼𝘂𝗿 𝗹𝗲𝘀 𝗽𝗿𝗼𝗽𝗿𝗶é𝘁𝗮𝗶𝗿𝗲𝘀 Vendre son entreprise à une fiducie collective des employés avant le 31 décembre 2026 peut permettre d’importantes économies d’impôt aux propriétaires d’entreprise, notamment un montant de 10 millions de dollars de gain en capital libre d’impôt. 🌟 𝗘𝗺𝗽𝗹𝗼𝘆é𝘀 𝗽𝗿𝗼𝗽𝗿𝗶é𝘁𝗮𝗶𝗿𝗲𝘀 La transition vers une entreprise détenue par ses employés permet au propriétaire cédant de récompenser ceux-ci pour leur contribution à la croissance et au succès de l’entreprise, tout en garantissant que l’entreprise reste canadienne et s’adapte à l’évolution. 🍁 𝗜𝗻𝗰𝗶𝗱𝗲𝗻𝗰𝗲𝘀 𝗽𝗼𝘀𝗶𝘁𝗶𝘃𝗲𝘀 𝘀𝘂𝗿 𝗹’é𝗰𝗼𝗻𝗼𝗺𝗶𝗲 𝗰𝗮𝗻𝗮𝗱𝗶𝗲𝗻𝗻𝗲 Des décennies d’expériences ont montré que les entreprises détenues par les employés sont plus productives, plus résilientes en situation de récession, renforcent la croissance lors de la reprise économique et produisent un effet positif sur les employés, l’entreprise et l’économie canadienne. Visitez notre nouveau site web pour découvrir comment les propriétaires et les employés peuvent tirer parti d’une FCE: https://buff.ly/3U9UInm #EmployésPropriétaires #FiducieCollectiveDesEmployés #Relève

Moving on to the next chapter of your life is exciting, but it can also be incredibly challenging. As a business owner considering a sale, you’re not only leaving your company. You’re leaving behind the people you’ve shared your growth and successes with. 👥 You’re leaving behind the late nights, the office celebrations, and your routine. 🎉 You’re leaving behind the legacy you’ve been building for years. 🏆 And leaving all of it to an outsider–someone who doesn’t understand the company culture you’ve built or share your big-picture vision for its future–makes your exit even harder. But selling it to your employees? It would feel like you’re simply passing the baton to the team who has been with you through all the ups and downs. It would feel like a continuation of your shared journey rather than a complete closure. With the launch of 𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗲 𝗢𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗧𝗿𝘂𝘀𝘁𝘀 (𝗘𝗢𝗧𝘀) in Canada, selling your company to your employees - at a fair price - is now possible. Not only that, but there’s a significant tax incentive to encourage you to do so. So, as you embark on the next chapter of your life, you can depart with peace of mind, knowing that your company will continue to flourish under the care of those who supported you along the way. Find out more at https://buff.ly/3Ubtpt2 #EmployeeOwnership #BusinessSuccession

🎉 Employee Ownership Month: Spotlight on a Business Leader Joanna Phillips, from ESOP Builders, works with private Canadian business owners to develop employee share ownership plans. These owners want to share the success their teams have helped to create and keep the legacy that’s been built in tact after they exit. Employee ownership offers that opportunity. We asked Joanna two common questions about employee ownership: 1️⃣ What are the common challenges faced when implementing employee ownership, and how do you overcome them? "From the owners side: Business owners often seem unsure how to finance it or how the business runs efficiently day to day with more owners. Various ways of funding are available and differs depending on the model, so discussing the options is the first step. As for day to day operations, that shouldn’t change and you would still have a typical governance structure to oversee the business." 2️⃣ What advice would you give companies to avoid their employee ownership program becoming ineffective or outdated? "An ineffective program is one that no-one or few people understand, so education and communication are key. Take time to do it right. Allow employees to understand the benefits and risks to them and get their questions answered." #EmployeeOwnershipMonth #EmployeeOwnershipCanada