Sharing the wealth with CFP

NOVEMBER 2015 – Independent pharmacy owners got a chance to hear some timely information for their businesses, and support the Canadian Foundation for Pharmacy, during a wealth management symposium held in Toronto in October.

The invitation-only, half-day event brought together some 55 owners from all the major banners to hear subject experts provide strategic financial planning advice. “We touched on all the areas that affect an independent pharmacy business owner’s life,” says Mike Jaczko, a partner at K.J Harrison and Partners who hosted the event. “We brought information to the attendees based on pharmacy business in the areas of structure and tax, as well as transition and strategic wealth investing.”

In lieu of an attendance fee, participants made donations raising a total of $5,000 for the Foundation. “I’ve always been a big fan of CFP because I feel its goals and objectives align with mine. This was a way to give back in some unique way,” says Jaczko. “Now these [owners] can go back to their accountants and lawyers and financial advisers and ask some important strategic questions.”

Jaczko says he has had interest in taking the symposium cross country with invitations to do at least two more sessions in the new year in the Maritimes and Prairies.

“We’re very grateful for the contribution to CFP from attendees and to Mike for organizing such a successful event,” says Executive Director Dayle Acorn.  “It’s certainly a symposium that would be of value to pharmacy owners across Canada.”