ARTICLE · 02 JANUARY 2015

Ownership Transition In The Canadian Wine Industry

MNP LLP

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There is a seismic shift underway in Canada.

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Some ideas to sip on...

There is a seismic shift underway in Canada. The ownership of small and medium size private businesses is changing hands at a rate never before seen.

In his 2012 brief, CIBC analyst Benjamin Tal crunched some data from Statistics Canada and highlighted some attention-getting points:

By 2020, close to 350,000 Canadian business owners will be over the age of 55;
Within the next 10 years (now 8 years), close to half (or 550,000) business owners will exit their business;
B.C. has by far the highest rate of transition among the provinces, with over 40% of businesses expected to change hands in the next 5 (now 3) years;

SOURCE: Inadequate Business Succession Planning – A Growing Macroeconomic Risk

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