Baby Boomers are retiring. Here’s what Canada should do to put their businesses in employees’ hands — and build community wealth.
In the next decade, nearly three quarters of Canadian small business owners will retire – businesses worth over $1.5 trillion. Most will look to sell. In a country where the gap between the rich and poor is widening, and could do so exponentially in the pandemic’s aftermath, experts say this transition provides a huge opportunity to share wealth with workers.
‘The basic foundation of our democracy is our humanity’: An in-depth conversation with Celina Caesar-Chavannes
It’s been over half a year since 2020’s renewed attention to the Black Lives Matter movement, and important conversations have begun, but true, systemic change in Canadian politics, policy, and civil society has yet to come to fruition.
Black leaders are underrepresented in most, if not all, parts of the social impact world — from tech for good to corporate social responsibility to philanthropy. For instance, a recent study by the Foundation for Black Communities found that Black-led non-profits receive a minuscule amount of philanthropic funding in Canada. But there are Black leaders transforming the world of impact, regardless, and their stories are important.
Sector leaders don’t expect corporate donations or philanthropies can cover the financial burden faced by community services organizations across Canada. Meanwhile, the federal government is due to table a new budget this spring, one that is expected to include relief packages for industries hard-hit by the COVID-19 pandemic.