Creaghan McConnell Group - the family capitial company

CMG insights on business families

Frank Creaghan: Founder of CMG, visionary, and leading
advisor to Canadian business families

With sadness we announce the passing of Frank Creaghan, CMG’s founder and visionary, who left us peacefully at his home in Toronto on June 26, 2023...

Matt Mammola joins CMG to guide families through complex estate, tax, and succession planning

Creaghan McConnell Gould is pleased to announce Matt Mammola’s appointment as a Family Capital Advisor, effective August 6th, 2024. Matt joins CMG after a twenty-year career at Ernst & Young (EY), where he was a Tax Partner. He has extensive experience providing tax planning and advisory services for Canadian entrepreneurs and business families...

Building a brighter future

Our independent research report on the profound impact of Canada’s leading business families on our nation’s economy…
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Research & commentary

The Hermès family:
A story of resiliency—and even growth—in hard economic times

Hermès seems to weather economic storms with ease, making the Hermès family one of the wealthiest in the world, as Bloomberg highlighted recently. What sets them apart? At CMG, we think three things make the family unique and worth watching...

The hidden secret to business family succession

We share our insights and four "real-life" case studies on the hidden secret of business succession...

What makes a billionaire give away the majority of his wealth?

What would make Patagonia founder, Yvon Chouinard give away 98% of his company’s common shares? We share why and four things that stood out to us in this rare business move...
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Technical resources

The “Long Tail” on the Capital Gains Increase and its Impact on Business Families

Much has been discussed on the impact of the recent increase to the capital gains inclusion rate, from 50% to 66.6%, effective June 25, 2024.  The federal government shared that it designed the increase to extract more tax revenue from ultra-high-net-worth Canadians to pay for its various spending priorities...

Bridging the leading generation to the next:
Overcoming trust barriers for effective communication

We explore bridging the gap between generations in business families, outlining five key steps to ease intergenerational tensions and ensure success...

Why it’s never too early for business families to plan ahead

The tax wake-up call: after the shocking death of their younger brother, Jim Reid and his family are faced with a challenging tax liability issue...
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Business family stories

Matt Mammola joins CMG to guide families through complex estate, tax, and succession planning

Creaghan McConnell Gould is pleased to announce Matt Mammola’s appointment as a Family Capital Advisor, effective August 6th, 2024. Matt joins CMG after a twenty-year career at Ernst & Young (EY), where he was a Tax Partner. He has extensive experience providing tax planning and advisory services for Canadian entrepreneurs and business families...

Today, we become Creaghan McConnell Gould.

We’re delighted to announce that our company’s official name is changing to Creaghan McConnell Gould, effective Sept. 6, 2024. This change reflects the commitment of our owners – Peter Creaghan, Marty McConnell and Bob Gould – to build a 3rd generation business in serving and supporting Canada’s business families.

The Robinson Family:
A Blindsided Inheritance Arrangement

Dick Robinson died unexpectedly in 2021 while still leading the family business. Dick hadn’t left the century-old company to either of his sons, Ben or Reece, as his father had left it to him. Instead, Dick’s will left Scholastic, and all of his personal possessions, in the control of Iole Lucchese, Scholastic’s Chief Strategy Officer...
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