Speaking Engagement

Introduction to Employee Ownership Trusts With CIBC Financial

April 29, 2025
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Wesley Novotny, Osie Ukwuoma and Wade Ritchie spoke to CIBC’s financial, tax and estate planning professionals on Canada’s new Employee Ownership Trust (EOT) framework. In a session titled Introduction to Employee Ownership Trusts, they discussed how EOTs offer a tax-effective, employee-centered succession strategy.

They reviewed the structure of EOT transactions, key benefits such as the C$10 million capital gains deduction, legal and tax considerations, and comparisons to traditional third-party sales. They also shared insights from Canada’s first completed EOT transaction, on which Bennett Jones advised. The session provided practical guidance for advisors at a time when more than 75 percent of Canadian small business owners are expected to exit their businesses in the next decade.

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Republishing Requests

For permission to republish this or any other publication, contact Amrita Kochhar at kochhara@bennettjones.com.

For informational purposes only

This publication provides an overview of legal trends and updates for informational purposes only. For personalized legal advice, please contact the authors.

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