In a few Canadian provinces, employees are able to get both provincial and federal tax credits for buying employer stock. They can also get credits for investing in labor venture capital funds that invest in local companies.
For the third consecutive year, an employee ownership company and NCEO member has been named one of the five recipients of the Business Enterprise Trust Award. The award recognizes excellence in balancing free enterprise objectives with socially responsible actions.
In determining whether an ESOP allocation is allowed, don't forget to consider attribution rules. Spouses and dependent children, and possibly others, can have their income attributed to another individual.
