"This study highlights the crucial role that family-owned enterprises play in the Canadian economy. The impact of family enterprises on the jobs and economy of various parts of Canada often increases as you move from the largest to smaller communities. Given demographic trends and the looming succession of many family enterprises, the data gaps in our understanding of this important part of the economy are worrying. A failure to understand the depth and breadth of family enterprises leaves discussion of this important driver of the economy in the dark."
Source: The Conference Board of Canada