The Trudeau government has proposed a new budget that contains an important provision to look at ways for Canada to set up employee ownership trusts following the models of US ESOPs and UK Employee Ownership Trusts.
In its 2023 Fall Economic Statement released on November 21, the Canadian government (the ruling party in Parliament) “introduce[d] a series of new measures to advance the government's economic plan by continuing to bui
Saying "Our challenge as a state is we need an economy that works for everybody, and I think making sure that workers and employees can share in the success of their companies - not just the CEOs and investors - is an important part of making Colorado work for everyone," Jared Polis announced tha
Does your ESOP come from a box? It's possible to buy a "standard" ESOP plan from developers of such documents, fill in the blanks, and send it off to the IRS.
The Capital Ownership Group (COG) has received a $100,000 grant from the Ford Foundation to create an international network of individuals and organizations interested in proposing and commenting on policy ideas to promote employee ownership.
One legislative outcome is now very clear: there will not be caps on the amount of employer stock in 401(k) plans or KSOPs, nor will employer matches of company stock receive a lower tax deduction. Proposals along these lines are receiving little support.
Low wage workers may be eligible for a number of major federal and state work support resources such as the Earned Income Tax Credit, Food Stamps, State Children's Health Insurance Program, Medicaid, Child Care, Housing assistance, etc.
