Category: Opinion

A Success Story in Consultations at the Federal Level: Employee Ownership Trusts Are Coming to Canada

We publish an update from the Honorable Tony Loffreda (in the pic above), independent Canadian senator, about the employee ownership trust (EOT) regime.

Canada will soon have an employee ownership trust (EOT) regime. We knew this was coming as the Federal Government had first articulated its intention to engage with stakeholders to examine what barriers exist to the creation of these trusts in Budget 2021. 

“Downtown Core – Toronto”

TORONTO – I was born in the city of Manila, Philippines, and have been a city dweller ever since.  When I immigrated to Toronto in the early 70s, a relative offered me lodging in the suburbs, but I respectfully declined.  At the time, I was juggling two jobs.  Both were in the city.  And I was not about to add an exhausting commute to the picture.  What figured into my decision was the knowledge that living in a city, whether in the Philippines or any country for that matter, has more advantages than disadvantages.  Work opportunities are within reach.  So are churches, supermarkets and schools.  On a serious note, if there is a medical emergency, you can be transported to a downtown hospital within minutes. 

“Gitna nang Lunsod nang Toronto”

TORONTO – Pinaganak ako at lumaki sa gitna nang lunsod nang Maynila, Pilipinas. Noon lumipat ako dito sa Kanada, may kamaganak ako na nagyaya sa akin na doon ako manirahan sa kanila sa labas nang lunsod nang Toronto. Nag pasalamat ako at tinangihan dahil alam ko na mas madaling mamuhay sa lunsod. Ito’y maging sa Pilipinas o sa ibang lugar nang mundo. Maraming kabutihan naidudlot at kaginhawahan kaysa kahirapan. Sa suidad, ang lahat ay malapit katulad nang simbahan, huspital, tindahan, paaralan at sa iyong pinapasukan trabaho. Noon bago ako sa Kanada, dalawa ang aking pinapasukan trabaho na malapit lapit sa isa’t isa. Nakakapagog, pero kaya naman kasi bata pa ako noon. 

Come possiamo risparmiare miliardi di dollari del denaro dei contribuenti? Rendendo la nostra burocrazia più produttiva ed efficiente

Il senatore Loffreda scrive della necessità che il governo riduca le proprie spese rispetto al servizio pubblico e trovi modi per rendere la burocrazia federale più produttiva ed efficiente nella fornitura dei suoi servizi e programmi ai canadesi. E sottolinea la necessità che i parlamentari ritengano il governo responsabile dei suoi piani di spesa. 

Comment économiser des milliards de dollars de l’argent des contribuables? En rendant notre bureaucratie plus productive et plus efficace

Le sénateur Loffreda écrit sur la nécessité pour le gouvernement de réduire ses dépenses liées à la fonction publique et de trouver des moyens de rendre la bureaucratie fédérale plus productive et plus efficace dans la prestation de ses services et programmes aux Canadiens. Il souligne la nécessité pour les parlementaires de tenir le gouvernement responsable de ses projets de dépenses.