Business Family Enterprise Report - Moving From Success to Significance

Lawyers warned family businesses, including farms, who are rushing plans to avoid capital gains tax could be exposed to future risks should there be a divorce in the family

Reminder to Occasionally Reflect on What’s Important In this week’s missive I want to go to a place that I probably don’t venture to often enough, maybe because it’s a bit deep for many of us. We’ll be looking at some very basic human needs here, as hinted at in the title.  We all work […]

One of Britain’s best-known entrepreneurs is accusing the government of destroying family businesses and untold billions in tax revenues.

Let’s look at the wider impacts of changes to business property relief

A Fresh Look at Defining “Who’s Family”? Writing this blog each week allows me to see subjects come up again over time, and realize that evolution affects things in many ways. The world is evolving, the ecosystem of professionals serving families continues to grow and make progress, and my practice is always maturing. Some “evergreen” […]

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Family enterprises must balance legacy and professionalization to sustain wealth. Adapting asset management strategies can ensure long-term success.

Providing Clarity Can Bring Change of All Kinds One of the aspects that I love about my practice serving enterprising families is the variety of situations I get exposed to. And sometimes the way things flow from one day to the next brings up interesting juxtapositions that kind of make me shake my head. This […]

Is It One or the Other, or the Right Balance of Each? When you’re lucky enough to get invited into a family to work with various family members, you face an interesting learning curve. You want to learn a lot about each person quickly, so that you can begin to add value based on the […]

We provide comprehensive advice to affluent families, foundations, and institutions across Canada.

Ensuring harmony among next generations often requires prepayment of taxes, specialty insurance, proper valuation of assets

Rather than relying on best practices, advisors should let families lead the process and see where it goes

One key is getting all the family members on the same page before the business goes up for sale.

Even rich athletes find out that sometimes trusting a family member who has access to your financials can backfire unless some protections are in place.

A Pacific Palisades jewelry store owner lost her family business and home during the disastrous wildfire. Rina Nakano reports.

Donald Trump will hand over daily management of his multi-billion-dollar real estate, hotel, golf, media and licensing portfolio to his children when he enters the White House, the Trump Organization said on Friday, repeating an arrangement that he made during his first term that an ethics expert said still posed conflicts.

New Brunswick-based Irving Oil has confirmed that the century-old company will remain privately held, after completing a strategic review that started in June 2023.

Only in the Dictionary, Nowhere Else This week we’re returning to some territory that’s been covered here before, but is so important that I want to underscore it again, with some new insights. Almost a decade ago I first shared some thoughts on this subject in Understanding AND Agreement, noting that it’s important for both […]