The federal government’s recent announcement that it will make the employee ownership trust tax exemption permanent is a major incentive for employers to transition their businesses to employee ownership, says Elspeth Murray, director of the centre for entrepreneurship, innovation and social impact at Queen’s University’s Smith School of Business.

In the recent spring economic update, the federal government announced it would make the tax exemption permanent for employers that sell their businesses to employees as an EOT. Previously, in 2024, the government........

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