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'Baby Boomer' retirements will cause a huge wave of business transfers: CFIB

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Approaching 'baby boomer' retirements will result in a huge transfer of business ownership over the next five to 10 years, but only a small percentage of owners have a formal written succession plan, the Canadian Federation of Independent Business says.

 

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Baby Boomer retirements will cause a huge wave of business transfers: CFIBReport suggests suggests 47 per cent of business owners with a small or mid-size enterprise intend to exit their business within the next five years
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Retiring baby boomers will trigger a huge wave of business transfers over next 5 to 10 years: CFIBBut CFIB says most don’t have formal written succession plans, which poses ‘significant risks for Canada’s competitiveness and prosperity’ if they retire, many of them will not and cannot retire
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