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…
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…
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…
CMG has been following the Merck family and its extraordinary 13-generation family business for a few years. This fourth and final installment looks at Merck’s future and how the family prepares for it…
In the aftermath of the passing of their patriarch, Dr. Jerry Buss, we underscore two crucial areas that the Buss family could have concentrated on in their succession journey: focus on the business of being a family and gather together to identify shared goals and values that can serve as a guiding force for everyone…
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…
We explore bridging the gap between generations in business families, outlining five key steps to ease intergenerational tensions and ensure success…
We continuously strive to enhance our team and are pleased to announce Vincent Valeri has joined CMG as a Principal…
We share our insights and four “real-life” case studies on the hidden secret of business succession…
Kate McConnell shares her insights on two issues that crop up repeatedly with the business families she advises and how she addresses these issues…