According to the Canadian Federation of Independent Businesses, 76% of Canadian small business owners plan to sell their businesses in the next decade, most to retire. Approximately $2 trillion in business assets could change hands. However, only 10% of these owners have a succession plan. Some businesses will close, others will be sold to management, to a third party, or acquired by private equity. The magnitude of this shift could significantly affect the country's business landscape and have a lasting impact on Canadian workers and communities.
