BMO Nesbitt Burns
First Canadian Place
100 King St. W, 38th Floor
Business owners invest so much into their businesses – emotionally, physically, and financially. With so much at stake, it is important that the business is set up to succeed. This two-part series focuses on key considerations that relate with the life cycle of the business and its owner. The magazines highlight several topics, strategies, and solutions for the owner to consider when balancing personal wealth management with the needs of their business ventures.
Over the next decade, $1.1 trillion in wealth will change hands during the largest 10-year wealth transfer in Canadian history.1 We’re not only seeing a shift in the ownership of funds, but the process for transferring wealth is also evolving as money moves from one generation to the next. Navigating this can be difficult and will require families to communicate and plan together to prepare heirs for their future inheritance.