Creaghan McConnell Gould - 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...

Advancing advisor relationships: CMG appoints Jay McConnell as Manager of Advisor Services

Creaghan McConnell Gould is pleased to announce Jay McConnell’s appointment as Manager of Advisor Services, effective August 6th, 2024. Jay comes to CMG after over six-and-a-half years at PwC Canada. His most recent role was as a Manager in the Private Wealth tax group, supporting high-net-worth Canadians and their families with a range of complex advisory needs including tax and estate planning, tax audits, and tax compliance...

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

Advancing advisor relationships: CMG appoints Jay McConnell as Manager of Advisor Services

Creaghan McConnell Gould is pleased to announce Jay McConnell’s appointment as Manager of Advisor Services, effective August 6th, 2024. Jay comes to CMG after over six-and-a-half years at PwC Canada. His most recent role was as a Manager in the Private Wealth tax group, supporting high-net-worth Canadians and their families with a range of complex advisory needs including tax and estate planning, tax audits, and tax compliance...

The Arnault Family: Mixing family and non-family for the long game

To family businesses worldwide, LVMH may be considered the quintessential example of a well-oiled family operation. As more Arnault family members move into positions of power, the Board's makeup begs the question: Is there such a thing as too much or too little family within a family business?...

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...
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