Economic Landscape and CBV Role: The Chartered Business Valuators Institute consulted CBVs to gather insights on Canada's economic challenges, emphasizing their critical role in enhancing business valuation, protecting capital, and fostering investment amidst a slowing economy.
Support for Family-Owned Businesses: With over 60% of Canadian businesses being family-owned, CBVs are essential in guiding entrepreneurs through ownership transitions and succession planning, thereby strengthening the backbone of the Canadian economy.
Valuation's Impact on Decision-Making: CBVs provide clarity and credibility in financial transactions, helping businesses navigate uncertainties and make informed decisions that contribute to productivity and long-term growth.
Recommendations for Economic Competitiveness: CBVs proposed innovative strategies to enhance Canada's global competitiveness, including smarter tax incentives, reduced regulation, and support for entrepreneurship, aimed at overcoming current economic challenges.
