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Author name: Tony Sokic

Managing Partner

A deck chair overlooking a lake at a family cottage

The financial and governance challenges of managing the family cottage

Private family and high net-worth /

As summer fades and families prepare to close the cottage for another season, it’s important to remember that these second homes aren’t merely a place to relax and make memories across generations. They can also be a very substantial—and highly emotionally charged—asset in a family’s financial portfolio, presenting a host of financial, tax and governance […]

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high net-worth family on a yacht

How high net-worth families can protect their wealth for generations

Private family and high net-worth /

In our last blog, we shared the cautionary tale of the uber-wealthy Vanderbilt family, whose fortune was squandered in several generations through a combination of over-spending, mismanagement, family expansion and lifestyle factors. If the descendants of one of America’s greatest industrial success stories can see their riches diminish in a few generations, then high net-worth

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Barriers to multi-generational wealth

The barriers to making wealth multi-generational

Private family and high net-worth /

It’s one of the great cautionary tales in financial history. For accountants and wealth managers, it is equal parts baffling and unsurprising. How one of the United States’ greatest industrial families squandered an immense fortune estimated at around $140 billion in today’s dollars (but potentially much more) is difficult to fathom. But the Vanderbilt story

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business people at an airport discussing new trade markets

Diversifying trade markets (Part 2): Sector-specific opportunities to sell abroad

International tax and growth /

Our previous blog on trade diversification made the argument that for Canadian companies, displaying their export prowess across a wider global stage isn’t just a good idea—it could be vital for their long-term success in a fast-changing and uncertain geopolitical environment. It’s about building more resilient, future-proof businesses that are equipped to deal with unpredictable trade

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Trade diversification

How to diversify trade markets

News /

When situations evolve on the trade front, agile small to medium-sized businesses must adapt and even reimagine their export strategies to align with new cross-border business realities. That could be due to a recession or macro-economic shift, new trade policies or the emergence of exciting new markets. Whatever the reason, developments such as these present

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Cargo ship depicting trade impact analysis

Expanding export markets—Now is the time for a trade impact analysis

International tax and growth /

When Prime Minister Mark Carney stepped up to the microphone after winning a sizable minority government in the recent federal election, his assessment of Canada-U.S. trade relations was familiar. After all, he’d repeated it endlessly throughout the campaign as U.S. President Donald Trump levelled near-daily tariff and sovereignty threats. His remarks nonetheless set a chilling

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Business leaders discuss business strategy in the New Year

It’s the New Year—a perfect time to refocus your business strategy

Strategic Advisory /

The early days of the New Year can be energizing for business leaders. It’s an ideal time to reflect, look ahead and optimize their organization’s growth strategy. It’s about evaluating new or untapped opportunities. It’s also a chance to predict possible risks on the horizon. And there are many facing Canadian companies. Take the political

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Workers in an office discussing the 2024 Fall Economic Statement

2024 Fall Economic Statement highlights for SMEs: Restoration of Accelerated Investment Incentive, SR&ED enhancements

News /

The federal government’s 2024 Fall Economic Statement was delivered this week amid the chaos of Finance Minister Chrystia Freeland’s resignation, her replacement in that portfolio by Public Safety Minister Dominic LeBlanc, and ongoing threats of a trade war from South of the Border. Within that context, Ottawa announced a higher-than-expected deficit of $61.9 billion for

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children's building toys exempt from HST

Potential HST holiday compliance pitfalls for small businesses

Canadian tax /

With the hectic holiday season upon them, businesses across Canada have a new administrative task to manage in the coming days: accounting for the federal government’s HST holiday (see the government announcement for the full details and implementation guidelines). The measure—which has now received royal assent and will be in effect between December 14th, 2024

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track and field athletes at 2024 Games illustrating strategic business lessons

Strategic (and actionable) business lessons from the 2024 Games

Leave a Comment / Strategic Advisory /

When the last race has been run, the final hurdle cleared and the cauldron extinguished until next time, we’ll be left with countless unforgettable memories from the Paris 2024 Olympics. And the Games featured many for Team Canada—from Summer McIntosh’s multi-medal, in-pool dominance to surprise track and field victories from the likes of hammer throwers

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