Feb 12, 2019

TIBS 2019The 61st annual Toronto International Boat Show, North America’s Largest Indoor Boat Show, concluded another very successful year this past Sunday, January 27 with many exhibitors reporting strong sales results, despite a slight dip in attendance due to inclement weather.  The 2019 Show attendance totaled 73,464 down 5% from 2018, having experienced 8 out of the 10 days with major snowfall, ice and extreme cold across the province effecting travel for show-goers.  The closing weekend had over 1,800 e-tickets unredeemed, likely due to weather conditions.
 
The Toronto Boat Show is highly regarded within the marine manufacturers and retailers as the flagship economic indicator for the boating industry in Canada.  The demand for exhibitor space at the 2019 show was the highest in recent history selling out in early November, encompassing over 1,200 boats on display, 550 exhibitors, 250-plus seminars and workshops, as well as thousands of accessories and services in the marine marketplace.
 
“Show results and exhibitor feedback have exceeded expectations this year,” said Cynthia Hare, Show Manager for the Toronto Boat Show.  “Exhibitors were feeling unsure heading into the new year of what the retail environment would be; however, our continued focus on helping more people become boaters, providing an experiential environment to grow knowledge, and new exciting initiatives have all contributed to a strong show and quality attendees.”
 
New for 2019, the Toronto Boat Show hosted a major event: The Toronto Indoor Wakeboard Championship.  Pro riders in both men’s and women’s categories competed for $10,000 in prize money.   The event attracted pro riders, including the world’s No. 1 female rider Meagan Ethell, and 2018 Rider of the Year Guenther Oka, competing in front of more than 5,000 consumers each day of the championship.
 
“Taking advantage of the world’s largest indoor lake to host the first-ever Toronto Indoor Wakeboard Championship was a brilliant addition to the Toronto International Boat Show attracting thousands to watch the world’s best wakeboarders in an electrifying stadium setting! Wake Canada applauds the Toronto International Boat Show's leadership to support and grow wake sports. We’re excited to work with TIBS and the leading industry brands and athletes to help build on this exciting initiative! “- Steve Jarrett, Wake Canada National Director
 
Also new for 2019, the Toronto show introduced a very successful Women’s Day, a full day program of seminars, workshops, on the water docking lessons and in vehicle trailering attended by over 100 women.
 
Save the Date:  The 62nd Toronto International Boat Show is scheduled for January 17 – 26, 2020 at the Enercare Centre, Exhibition Place.

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BUSINESS VALUATIONS: THREE SITUATIONS WHEN YOU MIGHT NOT NEED ONE

 

Business ValuationsBy: Patrick Ungashick

Photo Credit: Dwain Bodkin


Business valuations are an important tool for owners and leaders of privately-held companies. For example, if you are doing sophisticated tax planning, buying-out a business partner, or if an owner is going through a marital divorce, then a valuation may be highly prudent—if not legally required. However, business owners and leaders should avoid rushing to get a valuation in circumstances where the need is not clear.

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