Thank you very much, Mr. Chair.
Thank you for welcoming me as part of the pre-budget consultations held by the Standing Committee on Finance.
Thanks to the witnesses for being here today.
For starters, I'd like to go to Ms. Corcoran, who is the executive director of the Canadian Worker Co‑op Federation.
My political party and I are very much in favour of the co‑operative model. We often have a vision of society that is either completely private or completely public or governmental, whereas there's really quite a variation between the two.
Whether it's housing co‑operatives or worker co‑operatives, I think it's a good model. And you're right in saying that it produces businesses that are deeply rooted, that are local and that have a high survival rate.
Earlier you mentioned the succession problem. For example, if an entrepreneur decides to sell his business, there aren't a lot of models under which his employees would be granted a benefit enabling them to purchase the business and turn it into a worker co‑operative. However, that would be a good model. There are examples of legislative measures in the United States and Great Britain that would be helpful in that regard.
Where do we stand in Canada? What measures would you like to see introduced to enable employees, workers, to purchase the business of an individual who is retiring or whose children don't want to take over?