Data security is an important issue for Canadian family offices, which largely rely on tech titans who have ties to the U.S. presidential administration. 

These cloud behemoths are governed by legislation that could allow U.S. authorities access to the data, experts say. 

Even establishing a Canadian domicile for your data is an imperfect solution, given the possibility of legislation in other countries forcing data to be divulged even if it “nominally resides” in Canada. 

Getting on top of your options for cloud storage is critical given questions about data residency and sovereignty.

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Canadian Family Offices’ Ashley Redmond recently had the opportunity to sit down with Elaine Kosmas, dealing representative & business development, PearTree Canada. Kosmas is leading PearTree’s expansion across Saskatchewan, focusing on relationship development with major donors and philanthropic organizations.

In an expansive conversation, Kosmas explains why "right now" is the perfect time to expand in the province. “The federal government in 2022 announced the 30 per cent critical mineral tax exploration credit. Saskatchewan as a province further enhanced the economics by increasing the provincial critical mineral tax exploration credit from 10 per cent to 30 per cent. Together, these incentives have created one of the most attractive exploration environments in Canada,” she explained.

This article is brought to you by PearTree Canada. 

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