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
Walk through the math: business valuation, ACB, capital gain, terminal return tax, probate fees, and the LCGE eligibility check — so you know what your family will actually owe within 6 months of your death. For founders who want a real number, not a guess.
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