The biggest transfer of wealth is happening and Canada could lose to the United States.

On one side we can see that:

(1)  A massive wealth transfer is underway.

(2)  Aging owners are preparing to exit.

(3)  Entire industries are quietly changing hands.

But on the other hand:

(1)  Most young entrepreneurs and new immigrants don’t have sufficient capital or runway to get their ideas into reality.

(2)  They want cash flow, preferably from an operating business.

(3)  They want leverage.

Over the past few months, I have had conversations with Canadian founders asking about:

• Moving their existing Canadian business to the U.S.

• Setting up a U.S. parent company

• Expanding south before growing further in Canada

Why?

Some say market size.

Some say regulatory environment.

Many say access to capital.

Some say productivity and growth feel different.

I don’t think this is random.

We’re watching three forces collide at once:

1.     A generational turnover of ownership.

2.     New buyers stepping in.

3.     Capital and opportunity flowing south across the border.

The question isn’t whether change is happening, but rather where founders and entrepreneurs are positioning themselves within it.

If you’re a founder, buyer, or advisor – are you seeing things differently?

If you’re a lawyer in this space, curious to see if you are seeing something similar?