Le 21 novembre 2023, le gouvernement du Canada a publié son Énoncé économique de l'automne. Parmi les mesures décrites dans l'Énoncé figurent des incitatifs fiscaux améliorés en faveur des fiducies collectives des employés (les « FCE »). Comme il a été mentionné dans notre billet de mars 2023, les FCE sont un mécanisme permettant aux propriétaires d'entreprises qui se retirent de vendre leur entreprise de manière avantageuse sur le plan fiscal. Même si le gouvernement avait déjà pris des mesures visant le transfert du concept de FCE au Canada, ces mesures supplémentaires vont probablement faire des FCE un choix véritablement pratique pour encore plus d'entreprises canadiennes.

Une traduction de ce billet sera disponible prochainement.

On November 21, 2023, the Government of Canada released its Fall Economic Statement. Among the measures included in the statement are improved tax incentives for Employee Ownership Trusts ("EOTs"). As discussed in our post from March 2023, EOTs are a mechanism that allows exiting business owners to sell their businesses to employees in a tax-efficient manner. While the Government had previously taken some steps to bring the EOT concept to Canada, these additional measures appear likely to make EOTs a genuinely practical option for many more Canadian businesses.

Specifically, in the Fall Economic Statement, the Department of Finance has proposed to exempt business owners from paying tax on the first $10 million in capital gains realized upon selling a business to an Employee Ownership Trust (subject to certain conditions). Like the previously announced EOT measures, this exemption is proposed to come into force as of January 1, 2024, but is initially planned to apply to only the 2024, 2025 and 2026 taxation years as the Government pilots the incentives.

Stikeman Elliott LLP is monitoring developments in Canada pertaining to EOTs and will be ready to assist our clients in understanding the latest developments in the space. We invite you to contact us with any questions regarding EOTs.

For information on other aspects of Canada's 2023 Fall Economic Statement, please see the Stikeman Elliott Tax Group's commentary.

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