For many business owners, most personal wealth is tied up in the business itself. When it comes time to plan for the future—whether that means a gradual retirement, keeping equity in the family, or simply reducing risk—the big question often arises: “How can I take...
Jennifer Williams, Founder of Firefly Insights, sat down with Mihae Ahn, of the Business Casual Podcast, to discuss Employee Ownership in Canada. The discussion goes beyond tax policy and transaction mechanics to explore the human side of transition — what it means...
Balancing People, Purpose and Profit Over my 20+ years in business, I’ve worked at the intersection of balancing people and profit, the environment and social needs with profits, growth, and capital. It is often a tricky balance and for many businesses wanting to...
At Firefly Insights, we help business owners plan for the future. One of the most effective strategies we recommend is starting an Employee Share Ownership Plan (ESOP) well before you are ready to exit. This approach increases your business value, protects your...
Affordable, Accessible, and Built Around Your Legacy If your company generates between $5 million and $20 million in annual revenue, you are part of the backbone of the Canadian economy. You have built something profitable, enduring, and deeply connected to your...
Understanding One of the Most Overlooked Disqualifiers for the Lifetime Capital Gains Exemption Many Canadian business owners are familiar with the Lifetime Capital Gains Exemption (LCGE)—a powerful tool that can shield up to $1.25 million of capital gains from tax...
