Selling a Business · Employee Ownership Trusts

Sell your business to the people who helped you build it.

For owners who can't find an outside buyer — or would rather not sell to one — there is now a way to sell to the people who already run the business, and keep it in the community.

Canada's Employee Ownership Trust rules give owners a new way to sell. A qualifying sale to an EOT can shelter up to $10 million in capital gains (shared among the sellers on the transfer) — while the team that built the business gets to own it. One important catch: as currently legislated, the exemption applies to qualifying sales in the 2024–2026 window, and an EOT sale takes months to structure — so if this interests you, the time to look at it is now.

Can't find a buyer for your business? For thousands of Canadian companies — especially outside the big cities — the most realistic buyer has been inside the building all along.

How an EOT sale works

A trust is created to hold the company's shares for the benefit of employees. The trust buys your shares — typically funded by the company's future earnings rather than employees' savings — and you're paid over an agreed period, with security protecting what you're owed. Employees don't write cheques; they earn ownership by keeping the business successful, which is what protects your payout.

Done well, it can answer the three things that sink a small-market sale at the same time: there is no obvious buyer, there is no financing, and there is no succession plan. Done badly, it leaves you waiting years for payments from a company you no longer run. The structure is what makes the difference.

Is your business a fit?

  • Consistently profitable — the earnings fund your buyout.
  • Management depth — a team that can run it without you.
  • You value legacy — independence and local jobs matter to you, not just the top price.
  • Patience on payout — you're paid over years, not at closing.
Is it just one key employee who wants to buy you out? That's usually a management buyout, not a trust — a simpler deal with different tax rules. See selling to a buyer you already have, or have them read buying the business you work for.

Start with a feasibility assessment.

The EOT feasibility assessment is a flat fee, quoted individually before we start. It answers the go / no-go question — whether your business and sale qualify under the current rules, the exemption analysis with your accountant, and the payout and security options — with alternatives if an EOT isn't the right fit.

Legal information, not legal advice. The content of this page is general legal information and does not create a lawyer–client relationship. Every transaction is different — speak with a lawyer about your situation before acting. Fixed fees are confirmed at engagement, after a scope confirmation, and are exclusive of HST and disbursements.

EOT questions, answered plainly.

What is an Employee Ownership Trust (EOT)?

An Employee Ownership Trust is a Canadian trust structure, introduced in recent federal budgets, that holds shares of a business for the benefit of its employees. It lets an owner sell the business to their employees as a group — without requiring the employees to come up with the purchase price personally, because the business's own future earnings fund the buyout over time.

What is the EOT capital gains exemption?

Federal rules provide a capital gains exemption of up to $10 million on a qualifying sale to an Employee Ownership Trust — dramatically larger than the standard lifetime capital gains exemption. Two things owners often miss: the $10 million is shared among all sellers on the same business transfer, not $10 million each; and as currently legislated the exemption applies only to qualifying sales in the 2024-2026 window, so timing matters now. Strict conditions apply to the business, the trust, and the transaction, alternative minimum tax can affect the result, and the exemption can be clawed back if conditions are broken afterward. Whether your sale qualifies — and whether it can close in time — is exactly what our feasibility assessment answers.

When does selling to employees make sense?

An EOT fits owners who want the business to stay independent and local, who trust their team, who have no natural third-party buyer, and who are willing to be paid out over several years rather than all at closing. For many businesses in smaller markets — where outside buyers are scarce — the employees are the most realistic buyer in the room.

Let's Talk

Curious whether your team could be your buyer?

Twenty minutes tells us whether an EOT is worth exploring for your business — and if it isn't, we'll say so and show you the alternatives.

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