Tag Archives: Family succession

Heir or hire: Securing the future of your family jewellery business

By Danielle Walsh

Family jewellery businesses represent more than commerce; they’re legacies shaped by decades—sometimes generations—of shared dreams, sacrifice, and triumph. As integral pillars of local economies, these enterprises provide stability, create jobs, and uphold traditions that resonate far beyond their immediate circles. Yet, one of the most critical challenges a family business will face is determining who will take the reins when the time comes.

Succession planning isn’t just about choosing a successor; … Continue reading Heir or hire: Securing the future of your family jewellery business

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Family succession and tax planning: Navigating intergenerational business transfers

Bill C-208, which became law on June 29, 2021, represented a significant milestone in Canadian tax legislation, particularly for families considering intergenerational business transfers (IBTs). This private member’s bill aims to provide certain family businesses with the opportunity to access the lifetime capital gains deduction on intergenerational transfers, aligning their tax treatment with businesses sold to third parties.

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