The Family Enterprise Foundation (FEF) research on the transition intentions of Canadian family business owners is supported by KPMG Family Office and was conducted by Abacus Data. The first set of results are summarized in our report, Ready, Willing and Interested – or NOT? Canadian Family Business Transition Intentions. This research provides the most comprehensive picture of transition intentions in Canadian business families to date.
The big wealth transition is now underway, with ownership of more than 60% of family enterprises expected to be handed off within the next decade. Within an even shorter time frame – seven years – close to 40% of transitions to the next generation are expected to occur.
With the input of business owners and Family Enterprise Advisors (FEAs), the report takes an in-depth look at transition planning and how family business leaders can prepare their family, as well as their business, for this imminent transition of wealth, ownership and leadership. For more details, download the report.
Our research into continuity planning and transition intentions is supported by KPMG Enterprise and KPMG Family Office. We thank them for their ongoing support of family enterprise and business owners in Canada!