Budget 2025 ignores the looming succession crisis facing Canada’s family businesses

By Katrina Barclay, Executive Manager, Telfer Family Enterprise Legacy Institute (FELI), L’Université d’Ottawa/University of Ottawa
Peter Jaskiewicz, Professor and University Research Chair in Enduring Entrepreneurship, Academic Director Family Enterprise Legacy Institute, L’Université d’Ottawa/University of Ottawa

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…

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