What if the best buyer for your business is already working for you? In this episode of Beyond Succession, host Leah Tolton is joined by Bennett Jones partner Wes Novotny, one of the first lawyers in Canada to advise on the adoption of an employee ownership trust (EOT). Together, they unpack how EOTs are changing how Canadian business owners think about succession.
Leah and Wes discuss how EOTs allow owners to
- use business profits to fund the sale of the company
- access a C$10 million capital gains deduction
- preserve company culture by transitioning ownership to employees
All while creating long-term benefits for employees and the business itself.
If you’re advising a legacy-minded owner—or are one yourself—this episode offers practical insight into why EOTs are a compelling option for succession.
