The following companies/organizations are Investors of the Cape Breton Partnership and offer services specific to business development.

Cape Breton Centre for Craft and Design

Cape Breton Centre for Craft & Design (the Centre), a non-profit charitable organization, is an integral and leading force in the educational, promotional and economic development of the craft sector on Cape Breton Island with a membership of over 300 individuals and organizations throughout Cape Breton Island, the traditional and unceded territory of the Mi’kmaw people of Unama’ki. The mandate of Cape Breton Centre for Craft & Design is to promote excellence in the field of craft and design through education and training, exhibitions and special events. We are committed to developing programs that preserve, elevate, expand, and enhance the creation of craft.

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Stephanie Dupuis

Craft Business Development Coordinator

322 Charlotte Street Sydney, Nova Scotia

902-539-7491


TD Bank Financial Group

As a top 10 North American bank, TD aims to stand out from its peers by having a differentiated brand – anchored in our proven business model, and rooted in a desire to give our customers, communities and colleagues the confidence to thrive in a changing world. Our small business banking includes: Business Bank Account (Canadian and US Dollar) Merchant Solutions (Debit and Credit Processing) Business Credit Cards Payroll Services Cash flow management – Overdrafts and Lines of Credit

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Doug Arsenault

Account Manager-Small Business Banking

292 Charlotte Street, Sydney, Nova Scotia

902-539-3640 ext 300

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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.

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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.

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Stephanie Dupuis

322 Charlotte Street, Sydney

902-539-7491 (ext 115)

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Cape Breton Regional Enterprise Network

The Cape Breton Regional Enterprise Network (CBREN) spans the Island and has the primary goal of supporting the development and attraction of new businesses, and the retention and expansion of existing businesses. CBREN staff are based across the region in Sydney, Baddeck, Port Hood, Inverness and St. Peter’s. The Economic Development team provides support, counselling and guidance to businesses at every stage. Services offered include: Business planning Connecting businesses to support programs and economic development partners Providing support and direction to entrepreneurs considering a business start-up Monitoring workforce training requirements Working with businesses to identify programs and initiatives for their existing workforce

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Carla Arsenault

902-562-0122

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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

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Farm Succession Planning

If succession planning was easy, most farms would have a succession plan. But 65% of farms don’t transfer successfully to a second generation because owners don’t plan for it. Succession planning isn’t complicated, it just has a lot of steps. This site guides you through the steps.

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902-893-2293

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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.

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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

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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.  

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Doug MacKenzie

Financial Advisor

265 Prince Street, Sydney, NS

902-562-5000 ext 249

902-577-5371

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RBC – Preparing for Business Transition

Your RBC Business Advisor will work with you to:   Understand your business owner needs and goals, whether you want to grow or sell your business, or plan for your next adventure Complete a complimentary Business Owner Plan Discuss the right financial products and solutions to take you to the next stage in your journey

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