Access Nova Scotia – Debtor Assistance

To make an assignment in bankruptcy or a proposal, one must engage a professional bankruptcy trustee. They are listed in the Yellow Pages and in the website of their professional organization

BMO Succession Planning

As a successful entrepreneur, simply running your business requires a significant amount of time and energy. At the same time, it’s worth the time investment to plan for the future – regardless of your vision for your business after you retire. Whether you wish to sell your business or pass on leadership of your company to someone else, through BMO Bank of Montreal, BMO Private Investment Counsel Inc. and BMO Trust Company, working with your legal advisor, we can assist you with the development of a business succession strategy that helps transition the management and ownership of your business according to your wishes.

Canadian Association of Insolvency and Restructuring Professionals

Members of the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) are recognized as “specialists,” not only in bankruptcy/proposal and traditional insolvency work but also in the area of turnaround and restructuring initiatives. They are recognized as Chartered Insolvency and Restructuring Professionals (CIRP).

Cape Breton Centre for Craft and Design- Succession Planning

Cape Breton Centre for Craft and Design (CBCCD) may provide financial assistance to Cape Breton craft producers who wish to plan for the future of their businesses after retirement and pass on their craft to someone with intent to take over the pre-existing business. This funding will assist in the planning of your business’ future. The level of non-repayable assistance will be up to 75% of costs to a maximum of $2500. The eligible costs for succession plan development include direct costs associated with the creation and/or development of a succession plan and consultant services.

CIBC Succession Planning

When considering business transition, a plan is key in ensuring you get a good price for your business, finding a good buyer (if selling), and completing a smooth transition to the new owner. A business transition plan has many benefits, regardless of the size of your business and what stage of the business cycle it’s in. An effective succession plan will help you:   Arrange for the tax-effective transfer of your company’s ownership and management Maximize the value of your business before transition Structure a retirement income that meets your needs and maximize your financial security Protect against unforeseen events, including death and disability Accomplish the smooth transfer of your business

CRA-Changing Your Business Status

Find out what you should do when you make changes to the structure, status or ownership of your business.

Government of Canada Business- Closing your Business

If you are planning to close your business, there are a few things you should consider, such as notifying Canada Revenue Agency (CRA), filing a final tax return, paying any outstanding tax amounts, and financing your succession planning.

Government of Canada Business-Succession Planning

Find the right strategy for selling your business or handing it over to someone else, whether it be an employee, a family member, a friend or another entrepreneur.   Why plan for business succession? When do you start planning, and how? What are your options? Seeking professional services What is the value of your business? What are the financial, legal and tax implications of business succession? How do you prepare for transition? Additional resources on succession planning

IG Wealth Management

Life is constantly changing, which is why you need a plan, and a pro-active advisor, that can adapt with your evolving needs and goals. We help you create a financial plan – an IG Living Plan – that moves and grows along with your life. Our goal? To improve your financial well-being and make sure you can embrace all of life’s possibilities. Solutions for your evolving business Whatever stage your business is at, we can help expand your operations, attract & retain employees, and maximize year-end profits. Whether your looking to pay yourself, invest, plan for succession,  receive tax advice and help with planning, get advice on insurance, or deciding to incorporate, our advisors will work with you to help you make the right decision for your and your business.  

Insolvency for Business

Help for businesses when filing for bankruptcy or making a proposal.