Succession Planning for Business Owners: Canada Basics

Succession planning isn’t just about retirement … it’s about protecting your company’s value, your family, and your team if you choose to sell, transfer, or step away unexpectedly.

For Canadian business owners in the $1 - $10M range, the biggest risks are usually avoidable: unclear objectives, messy corporate “housekeeping,” tax surprises (like missing QSBC/LCGE eligibility), and no plan for death or disability.

In this in-depth blog post we cover:

• What succession planning actually includes (and what it doesn’t)

• The 4 most common exit paths for CCPC owners

• Tax basics that often drive the outcome (QSBC/LCGE, share vs asset sale, intergenerational transfers, employee ownership trusts)

• Documents and data buyers will ask for during due diligence

• Common mistakes and how to avoid them

• …and more!

Let’s dive in!

Thank You For Reading. See You Next Time!

Think Team🙏