This paper focuses on two particular aspects of advising a business owner who is planning for retirement: the succession of the business itself and planning for the succession of the owner’s recreational property located in Canada or the United States. The author looks carefully at the tax and estate planning issues for business owners and focuses on the situation where the plan is to transfer the business to family members.

This paper was drawn from materials presented at the Advising an Aging Population seminar held in May 2012.