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intergenerational business transfer

Bill C-208 improves tax treatment on intergenerational business transfers, but changes to come

Until recently, it was more financially beneficial to sell a business to a third party in Canada, rather than passing it along to children or grandchildren through an intergenerational business transfer. This had been a longstanding bone of contention among entrepreneurs. Bill C-208, An Act to amend the Income Tax Act (transfer of small business […]

What the Olympics and the move to hybrid work have in common

Every four years we have the joy of watching Canadian athletes compete in myriad events at the Summer Olympics. It gives us the chance to cheer and marvel at the individual and team preparations needed to allow our competitors to shine. It seems like every hundred years or so we also face the burden of […]

Boardroom

Want to maximize bottom line results? Minimize employee turnover

Hidden business costs can compromise the financial success of any mid-sized company. Manufacturing inefficiencies, retail shrinkage, service delivery cost over-runs, expensive overhead such as posh office spaces or first-class flights for business executives. They all add up and pull down profits. But few costs have as great an impact on an organization’s long-term success as […]

Real Estate

Your company is growing fast. Is it time to fire yourself?

Thank goodness for the so-called ‘unicorns’ of the knowledge economy. They’re the ones powering innovation, transforming markets—or creating entirely new ones—and helping their CEOs become ultra-wealthy rock star business luminaries along the way. But sometimes when their companies grow quickly, those magazine cover-worthy leaders run smack into an insurmountable wall of managerial challenges. That’s when […]

Chefs Kitchen

The collapse of Jamie Oliver’s restaurant empire reveals the naked truth about over-expansion

You have to feel for Jamie Oliver. The British celebrity chef has endeared himself to audiences the world over with his innovative twists on everything from traditional English fare to Italian staples. He’s advocated tirelessly for improvements to school cafeterias and nutrition for children. His restaurant Fifteen was designed to teach cooking skills to troubled […]

Don’t be fooled: HR law compliance is a finance issue, too

Virtually every CEO would agree that employment law non-compliance, a failure to take workplace harassment seriously, and the general flouting of accepted human resources standards, is unacceptable. Building workplaces free of anti-social behaviour isn’t just an aspirational goal, it’s a basic legal requirement in every province in Canada. That’s especially so in Ontario, which has […]

Want to kick start business growth? Learn how to delegate

Hopefully you’re reading this article on a dock in Muskoka, feet up, beverage in hand while taking in views of a pristine lake. Maybe you’re enjoying the fruits of your entrepreneurial labour and taking some summertime downtime. But if you’re like so many business owners who have grown their companies past the medium-sized threshold—usually defined […]

Entrepreneurs can take management lessons from Masai Ujiri and the Toronto Raptors

Now that the dust has settled on the Toronto Raptors’ incredible NBA Championship run—four series of excitement that saw our city’s basketball team net its first ever Larry O’Brien Trophy— the sport’s top pundits are analyzing how the denizens of The North managed to achieve that seemingly elusive goal. Many entrepreneurs are taking a similar […]

Managing one of the overlooked aspects of growth: business change

So, you’ve founded a company, managed to survive the first few start-up years and now employ a staff of around 20 people. The good news: you’ve come further than the average entrepreneur, who, statistics show, will start and crash out of multiple businesses before eventually achieving success (assuming they do, indeed, manage the feat). But […]