A new chapter in business succession: The emergence of employee ownership trusts

By Wesley Novotny, Wade Ritchie, Zach Thacker ( February 20, 2025, 12:03 PM EST) -- In a 2023 survey titled Succession Tsunami — Preparing for a decade of small business transitions in Canada, the Canadian Federation of Independent Business found that 76 per cent of Canada’s small and medium-sized business owners plan to exit their business within the next decade, with retirement being the most common reason cited. The top priorities of the owners surveyed were:...