There is probably no one who is better placed to take over a business than the children who have grown up with the family business, obviously.
Economic statistics for Quebec and Canada show that business succession plans fail in 70% of cases, and that only 10% of business owners are able to find a buyer. Apart from Bill C-208, which seeks to correct the current unfair provisions for business succession, what other factors that fall under federal jurisdiction are impeding the transfer of businesses to a new generation?