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...
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...