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Newspaper
Russell Banner
Location
Russell, Manitoba, Canada
Date
Nov 02, 2004
Page
6
The CFIB urges early and careful succession planning as baby boomers retire. Family owned firms provide millions of jobs and over a trillion in sales. discussions on who will run, fair heirs, and communication with workers and customers are essential to a smooth transition and protecting family relationships.
The author argues Canadians hold 70% of net worth in housing and should Tap equity to fund income assets. He promotes secured lines of credit at low prime rates to access home equity, pay tax deductible interest, and diversify wealth with assets like stocks or duplexes.
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