Resources & Articles
Business Transition & Family Enterprise Advisory
Use of a Professional Corporation on Retirement
For professionals, the use of a Professional Corporation (PC) can provide key benefits in terms of income splitting and income tax deferral. However, professionals often...
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KPIs Help Keep Companies on Track
After years of experience, owners often know in their gut how their company is doing at any given time. But this vague notion of performance...
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The Healthy Way to Hire the Kids
Most businesses have accounting, computer, and vacation policies. Why do so few have family employment policies? Making decisions about hiring younger relatives can be difficult....
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Creating Value in Your Business
Business value is a touchy subject with owners these days. In general, corporate values are down because of the economy, but as baby boomer business...
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UPDATE: Bill C-208, Inter-generational Business Transfers, Receives Royal Assent
UPDATE: The June 30 announcement caused much confusion due to concerns that the amendments would retroactively change the legislation, leaving taxpayers in a state of...
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Bringing up the Next Generation of Leadership
Many people find great joy working in a family business. Spending time with relatives and moving toward a common goal can be fun and fulfilling....
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Forget About Succession Planning—6 Ways to Plan for Success Instead!
As small business owners, we’ve all had the knock at the door or the call from a ‘friend’ who tells you that they ‘do’ succession...
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The Virtues of Family Employment Policies
There comes a time in every company — a tipping point — when growth prompts the need for more formal policies and procedures. One of...
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Crisis Proofing Your Business
Having worked with business owners for the past 25+ years, I’ve come to realize that even successful owners don’t always have fail-safes in place to...
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Family Matters: Fair vs. Equal – are they the Same?
Many parents believe that assets should be equally divided among their children. This includes real estate, securities, artwork, and even household items. Of course, this...
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