EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Recent Searches
Trending
-
Advancing Canada’s defence innovation
09 Apr 2026 -
Canadian Insurance Outlook 2026: navigating uncertainty, unlocking opportunity
13 Mar 2026 Financial services -
From bottleneck to accelerator: the strategic role of digital identity controls for industrials and energy companies
18 Feb 2026 Energy and resources
Tax Alert 2026 No. 28, 4 May 2026
The federal Spring Economic Update 2026, tabled on 28 April 2026, signals that employee ownership trusts (EOTs) are set to become a permanent fixture.
The federal government announced that the exemption on the first $10 million of eligible capital gains realized on the sale of a business to an EOT, which was scheduled to expire for dispositions of shares occurring after 2026, will be made permanent.
While an EOT will not be the right succession fit for every business, this change effectively eliminates one of the main barriers that previously limited adoption.
Access the full content in the PDF attached below.
Read Tax Alert in full
Issue No. 28, 4 May 2026
Stay ahead of fast-moving policy developments.
Learn what’s happening now, what it means for your business and how you can adapt to shape the future with confidence. Sign up for EY Tax Alerts today.
Previous issues
Government tables the Spring Economic Update 2026 Implementation Act
On 29 April 2026, Bill C-30, Spring Economic Update 2026 Implementation Act, received first reading in the House of Commons.
Newfoundland and Labrador Budget 2026
Newfoundland and Labrador Finance Minister Craig Pardy tabled the province’s fiscal 2026 budget on 29 April 2026.
Federal Spring Economic Update 2026
On 28 April 2026, the Minister of Finance and National Revenue, François-Philippe Champagne, tabled the federal government’s Spring Economic Update 2026, which contains several tax measures affecting individuals and corporations.
Federal excise tax on fuel temporarily suspended
On 14 April 2026, Canada announced it will temporarily suspend the fuel excise tax on gasoline, diesel and aviation fuel levied under Part III of the Excise Tax Act.
Prince Edward Island Budget 2026 [Updated]
PEI Finance Minister Jill Burridge tabled the province’s fiscal 2026 budget on 14 April 2026.
2025 budget implementation bill no. 1 receives Royal Assent
On 26 March 2026, amended Bill C-15, Budget 2025 Implementation Act, No. 1, received Royal Assent and became enacted (substantively enacted on 26 February 2026).
Publications and articles