Wesley Novotny, Wade Ritchie and Zachary Thacker write in Law360 Canada on Employee Ownership Trusts (EOTs) and the benefits they offer to employees and business owners.
One early EOT adopter—Grantbook—completed an EOT transaction on January 1, 2024. Bennett Jones LLP provided tax and corporate legal advice to Grantbook on its EOT transaction. Wes, Wade and Zach are optimistic that many more EOTs will follow.