Canada’s recovery is real—but so is the next trade shock. September’s Family Enterprise Economic Update examines what the latest Canadian and U.S. data mean for business-owning families, with a focus on tariffs, cash flow, investment and family wealth. This edition…
ITA s.70(5), s.84(2), s.164(6), s.88(1) When a business owner dies, the tax does not wait. Under Canadian tax law, death triggers a deemed disposition of shares at fair market value under ITA s.70(5). For a successful family enterprise, that can…
Most family businesses don’t fail because they aren’t profitable. They falter when a founder passes away, when ownership needs to change, or when a major tax bill arrives at the worst possible time. We have seen it many times. A…
When Should You Take CPP? The Question Everyone Asks, and Almost Everyone Oversimplifies It usually starts with a casual question. “Should I take CPP at 60, 65, or 70?” A friend offers advice. A headline offers certainty. A calculator gives…
In the realm of tax practice, ethical conduct is not just a professional obligation but a cornerstone of trust and credibility, particularly for families with family-owned enterprises in Canada. As these businesses navigate the complexities of tax laws and regulations,…
Unlocking Wealth and Securing Your Financial Future Imagine spending years building your business or carefully growing your investments, watching them increase in value. You’re proud of what you’ve created, but when it comes time to sell or transfer ownership, a…
The Exit Question Every Canadian Business Owner Must Answer After 25 years of building a successful family-owned company in Calgary, a founder decides it’s time to retire. Her children aren’t involved in the business. She doesn’t want to leave it…