Why some Canadian companies are turning their workers into owners instead of selling to the U.S.

A new type of employee ownership comes at a time when the country is facing a wave of baby boomer entrepreneurs nearing retirement and an increased focus on strengthening the national economy in the face of a trade war with the U.S.

Different types of employee ownership have existed in Canada for decades, but in 2024, the federal government amended the Income Tax Act to introduce a new option called an employee ownership trust (EOT).