EOTs: A New Way To Sell A Business In Canada Canadian business owners have a new option to consider when contemplating their exit strategy: Employee Ownership Trusts (EOTs). Announced yesterday in the 2023 Canada budget is draft legislation to facilitate the use of EOTs. EOTs allows employees to acquire ownership in their workplace, creating a …
Business Law
Employment Standards and Other Employment Law Legislation and Common Law When an employee works in Canada, they are protected by the employment law of their country and province. When an employee works in one province, but travels to another province or even another country for a short trip on a temporary business, again, they are …
Are Promissory Notes Legally Binding in Canada and How Do They Work in Canadian Law? Introduction: Promissory Notes in Canada Helping a family member or close friend out with an altruistic loan is not uncommon. It may be a brother or a high school friend who may need to borrow a few thousand dollars for …