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About KPMG

KPMG provides Audit, Tax, and Advisory services. KPMG LLP is the Canadian member firm of KPMG International.

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The future of family business in Canada

By KPMG Enterprise
Fri, May 25, 2012 @ 1:30 PM

This press release was previously published in Canada Newswire on May 24, 2012.

Almost half of Canada's family businesses expect to see an intergenerational transfer of management and/or ownership within the next five years. Yet, over 80 percent have no formal plans in place to manage the family dynamics of the business, intergenerational wealth, and help prepare future generations to continue the family business legacy, finds a new KPMG Enterprise™ report.

The report: Family Ties - Canadian Business in the Family Way, [PDF 867Kb] developed in cooperation with the Canadian Association of Family Enterprise (CAFE), sheds light on the opportunities and challenges facing Canadian business families and what it takes to build a successful family business today and prepare for the future.

Read press release.