Succession
You've worked hard to build a successful practice. To get the most out of your life’s work, you need a comprehensive succession plan, tailored to your unique situation and plans.
We offer the most comprehensive succession planning service on the market through ExitSMART™, our proprietary program that ensures you reach your personal and business goals upon retirement.
Through ExitSMART™, we start by taking a close look at your practice’s current state and valuation. From there, we identify ways to maximize value and possible candidates to transition ownership to — whether a family member, associate or outside buyer. We also consider your personal retirement objectives, providing detailed estate plans, financial planning services, and tax strategies to minimize taxes on the sale of your practice.
Finally, we help ease the transition by creating a comprehensive timeline and meeting regularly to discuss your progress on reaching key milestones.
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Take the ExitSMART™ Assessment
See where your practice stands in the succession journey.
Contact Your Local Advisor
Get the help of an advisor who really understands what’s on the line.
Insights
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Confidence
August 23, 2024
Case Study: Steps in estate planning
Retirees Phillip and Martha faced challenges in ensuring their estate wishes were honoured due to differing family opinions.
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Progress
July 12, 2024
How using SMARTPro can help enhance the value of your practice
Are you considering selling your practice? Three medium-term strategies can help improve efficiency and enhance the value of your practice.
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Progress
February 20, 2024
Case Study: Things to consider when adding a child as a joint owner of a property
A new requirement to file annual tax returns with the CRA for bare trusts has parents reconsidering whether to add a child to title of their property. This case study illustrates the pros and cons of joint tenancy with a child.
Contact our Professionals Team
Calvin Carpenter CPA, CA
Vice President, Professional Services
Calvin Carpenter, CPA, CA, is the Vice President of MNP’s Professional Services team. Working closely with medical and dental professionals, Calvin provides valuable advice to help clients reach their business and personal goals. Calvin’s experience in forecasting, tax planning and other key areas helps ensure his clients have a sound strategy for the future. He specializes in developing customized plans for clients interested in starting or purchasing their own practice.
Calvin also advises owner-managers on how to operate their businesses as efficiently and effectively as possible. Through performance management, industry benchmarking, tax planning and other essential tools, he helps his clients measure their business performance and enhance profitability. Calvin is dedicated to providing his clients with information that empowers them to make informed business decisions. He has given presentations to medical and dental groups on various key issue areas such as incorporation, Canadian tax updates, corporate investment strategies, GST, fraud and practice transition.
Calvin earned his Chartered Accountant (CA) designation from the Alberta Institute of Chartered Accountants in 1990. He completed a Bachelor of Management degree from the University of Lethbridge in 1986.