Ontario wakes up to the succession tsunami
In November, 2025, the Ontario provincial government finally stepped into the looming “succession tsunami,” launching a modest $1.9M Business Succession Planning Hub to help micro-business owners plan exits through local Small Business Enterprise Centres. Notably, the hub spotlights employee ownership and the new Employee Ownership Trust, signaling a shift toward mainstream adoption. But, as Dan Skilleter writes, Ontario’s approach focuses narrowly on retiring owners, ignoring how different buyers shape risks and benefits to workers, communities and Canada's broader economic sovereignty. This is a promising start that could and should grow into a broader succession-planning policy that protects Ontario’s long-term resilience.