CRA Tax Rule That Wipes Out Inheritances
How death can trigger layers of tax that erase millions in family wealth – exposing business owners and estates to probate, liquidity crisis, and devastating double and triple taxation without proper planning.
Show Notes
A family builds $7.9 million over a lifetime – and loses more than $5 million after one accident.
In this solo, Sunny walks through a real-world estate scenario where death triggers a chain reaction of personal tax, corporate tax, probate, and double and triple taxation.
The result: over 60% of the family's wealth disappears – not because of bad investments, but because of missing planning.
In This Solo, We Reveal:
• What "deemed disposition" means when someone dies in Canada
• Why RRSPs, corporations, and holding companies trigger massive tax bills
• How probate fees are calculated
• Why estates often face a liquidity crisis
• How the Lifetime Capital Gains Exemption can reduce tax
• What double and triple taxation looks like in real life
• Why executors can be personally liable for unpaid taxes
If you're a business owner, investor, or executor, this is a conversation you don't want to postpone.
📥 Resources from this episode
Estate Planning Checklist for Business Owners
The Advisors TableEstate Planning Checklist for Business Owners
Calculate business value, ACB, capital gains tax, probate fees, and LCGE eligibility to estimate what your family could owe after your death.
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