Wade Ritchie

Wade Ritchie

Bennett Jones LLP

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Employee Ownership Trusts—Improved Tax Incentives Announced

The Canadian Department of Finance introduced draft legislation in the 2023 Canadian Federal Budget (Budget 2023) to create employee ownership trusts (EOTs) to facilitate the transfer of a business to the employees of the...more

11/27/2023  /  Business Ownership , Business Taxes , Business Transfer Agreements , Canada , Corporate Taxes , Department of Finance , Employee-Ownership , Proposed Legislation , Tax Incentives

Enhanced Reportable Transaction Rules Take Effect

With the enactment of Bill C-47 on June 22, 2023, Canada's enhanced mandatory disclosure rules are now fully in effect. These rules, which were first announced in the 2021 Canadian federal budget...more

6/28/2023  /  Business Taxes , Canada , Canada Revenue Agency (CRA) , Corporate Governance , Corporate Taxes , Disclosure Requirements , Publicly-Traded Companies , Reporting Requirements
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