Like previous federal budgets, the recently released Budget 2025 fails to acknowledge a pressing generational shift for Canada’s economy: the succession crisis facing most Canadian family-owned businesses.
Over the next decade, 60 per cent of family enterprises will change hands — if those ownership transfers happen at all.
When ownership transfers stall or fail, jobs, investments and tax revenues are lost — not to mention the loss to the social fabric in communities across the country. Yet, despite these stakes, Budget 2025 offers little recognition of this looming challenge.
