Due to the effects of COVID-19, the Cape Breton Partnership has put together a list of helpful resources.

Find more information here.

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