Overview On October 30, 2024, Ontario’s Minister of Finance has delivered the 2024 Ontario Fall Economic Statement “Building Ontario for You”. This comprehensive summary highlights the key changes introduced in the Fall Economic Statement. Personal Income Tax Measures New taxpayer rebates The Ontario government introduces a refundable Personal Income Tax credit that would provide a […]

Succession planning is a crucial process for family enterprises aiming to ensure continuity and preserve the long-term sustainability of the business.  Transitioning leadership to the next generation is not just about passing the baton; it involves careful planning, strategic decision-making, and overcoming unique challenges that family businesses often face. The Importance of Succession Planning The […]

Succession planning is essential for the continuity and longevity of multi-generational family businesses. The intricate dynamics of family relationships, coupled with the complexities of business management, necessitate the involvement of external advisors.  These advisors, including consultants, mentors, boards, lawyers, and accountants, bring expertise and an objective perspective crucial for navigating the succession process. The Value […]