sOuRCE: EnViROniCs analytiCs junE 2018 BCBusiness 29
himself a salary and issue himself a T4 every year. "It
costs more…but it's worth it," says Cadell, who jokes that
his business brings in "between $1 million and $4 mil-
lion a year" in gross revenue. It helps him ensure that
any future buyer of Sparkgeo understands what the true
costs are, including the founder's wages.
Looking for an exit
Hundreds of kilometres to the south, Bill Broddy is mak-
ing similar moves, having learned some lessons from
navigating two previous businesses and one retirement
already. In his earlier life in Ontario, Broddy, 64, a for-
mer
IBM Corp. employee, had run high-tech businesses,
but they were primarily consulting and services com-
panies—the kind that, as Will Cadell knows, are di‡cult
Average household Years of
net worth ($ millions) current income
Vancouver $1.218 12.2
Toronto $1.154 10.3
Victoria $1.056 11.1
Calgary $1.039 7.6
Hamilton $0.892 9
House in Order
Canadian metropolitan regions where residents
are most financially prepared for retirement
