Business Owners
Business Owners — All content on The Advisors Table.
Episodes
SoloThe Airbnb Tax Nobody Knows About
How Airbnb income can quietly transform your home into a taxable commercial property – triggering unexpected HST, loss of principal residence treatment, and massive tax exposure on sale.
- Business Owners
- Business Sale
- Legal Perspective
EpisodePoliticians Keep Lying About Tax Cuts
How government headlines hide the fine print—and why your “tax cut” might actually be a retroactive tax hike in disguise.
- Penalties & Interest
- Business Owners
- Founders & Entrepreneurs
EpisodeDon’t Buy A Car In 2026 Until You Learn CRA's Rules
How a luxury vehicle purchase can turn into a personal tax nightmare — and why the government isn't actually "paying" for your car.
- Trust Planning
- Business Owners
- Founders & Entrepreneurs
SoloCanada Is Running Out Of Money For You
How Canada's debt picture may look dramatically different depending on what's counted – and why rising interest costs could affect taxes, services, and future government spending
- Quick Tip
- Tax Compliance
- Business Owners
EpisodeWe Checked Carney’s Math. He’s Wrong.
How deficit "improvements", debt metrics, and new government initiatives may be masking a much deeper financial reality
- Quick Tip
- Tax Compliance
- Business Owners
GuestIs Your Accountant Actually Helping You?
How financial planning, tax strategy, and the right advisory team come together to build long-term wealth.
- Estate Planning
- Business Sale
- Corporate Reorganization
SoloThey Want Your Kid To Pay This
How a controversial proposal to charge graduates for leaving Canada sparked debate about brain drain, tax policy, and the departure tax rules many Canadians already face.
- Quick Tip
- Tax Compliance
- Business Owners
GuestThe IRS And CRA Double Tax Trap For Canadians
What no one tells you about the million-dollar tax traps, IRS penalties, and the entity mismatch that can bankrupt your investment.
- Estate Planning
- Business Sale
- Corporate Reorganization
EpisodeImmigration Tax Traps That Cost Thousands
What no one tells you about foreign assets, worldwide income, and the CRA penalties that can wipe out your savings.
- Estate Planning
- Business Sale
- Corporate Reorganization
GuestMost Wills Fail. Here's Why
Why most wills fail in Canada – not due to drafting, but because they become outdated, clash with laws, and fail to reflect real family and asset changes over time and across jurisdictions
- Estate Planning
- Business Sale
- Corporate Reorganization
EpisodeYour Business Partner Can Take Everything
How business partnerships that start with shared vision and ownership can unravel over time — often due to shareholder agreements, misaligned incentives, and structural decisions made at the beginning
- Estate Planning
- Business Sale
- Corporate Reorganization
EpisodeShould Your Money Live in a Corporation or Personally?
Most people focus on what to invest in – but where you invest matters far more, shaping taxes, growth, and long-term after-tax wealth over time.
- Estate Planning
- Business Sale
- Corporate Reorganization
EpisodeHelping Your Kids? CRA Takes a Cut
Why “gifts” can create tax exposure for parents.
- Estate Planning
- Business Sale
- Corporate Reorganization
EpisodeBeing An Executor Can Cost You Personally
How choosing an executor is far more than an administrative decision – and how personal liability, CRA reassessments, and estate risks can last years.
- Estate Planning
- Business Sale
- Corporate Reorganization
EpisodeCRA Bill That Destroys Wealth After Divorce
Why family law, tax rules, and poor documentation can turn parental help into an unintended wealth transfer.
- Estate Planning
- Business Sale
- Corporate Reorganization
EpisodeThe Audit Machine – What 53,000 CRA Employees Are Actually Doing
How CRA's growing audit machine uses data, automation, and aggressive enforcement tactics to identify risks, escalate reviews, and collect billions beyond regular tax filings.
- Estate Planning
- Business Sale
- Corporate Reorganization
EpisodeLeaving Canada? Here’s What The CRA Wants You To Know
What tax residency, departure tax, and cutting ties really mean when you move abroad.
- Estate Planning
- Business Sale
- Corporate Reorganization
EpisodeThe $10M Tax Bill When A Business Owner Dies
How one founder built a $50M company but left his family exposed to over $10 million in tax, probate delays, and succession chaos due to missing estate planning.
- Estate Planning
- Business Sale
- Corporate Reorganization
EpisodeCRA Voluntary Disclosure Program 2025 Explained | What's Changed & What It Means
How Canada’s updated Voluntary Disclosure Program changes the way unreported income, foreign assets, and tax filings are treated — and who still qualifies for relief under the new CRA rules.
- Estate Planning
- Business Sale
- Corporate Reorganization
SoloStrange Tax Scenarios: Paying Taxes Without Making Money or Donating Big!
How Canada's expanded AMT rules are catching taxpayers off-guard by limiting deductions, increasing taxable gains, and creating unexpected tax bills on major financial transactions.
- Quick Tip
- Tax Compliance
- Business Owners
EpisodeHow to Make Your Company Sale-Ready — Structuring Before the Buyer Shows Up
What it really means to be sale-ready – not just operationally, but structurally and tax-efficiently positioned long before a business exit ever happens.
- Business Sale
- CRA Audit
- CRA Powers
Posts
3 CRA Powers Coming in 2026 That Every Canadian Needs to Know
The CRA's new 2026 audit powers — compelled sworn testimony with no transcript, $50/day penalties without a court, and reassessment clocks frozen indefinitely. Here are the three every Canadian needs to understand.
One Mistake Killed His $5M Deal — Why the Wrong Team Destroys Business Sales
Selling your business? One wrong hire and hidden tax traps can kill the deal. Why regular accountants fail at business-exit tax planning — and how to build the deal team that protects your sale.
CRA’s 5 Most Dangerous Weeks: What TEBA Means for Your Next Audit
What is TEBA, and why does it make February–March the most dangerous weeks for a CRA audit? How the CRA's March 31 year-end drives aggressive reassessments — and a 3-phase plan to protect yourself.
$800K Tax Bill That Should’ve Been $0 — The 5 Mistakes That Cost This Business Owner Everything
Discover the 5 critical errors that turned a $0 tax bill into an $800K disaster for a business owner. Learn how to protect your company from CRA reassessments, audits, and massive penalties.
Visual Guides
The Airbnb Tax Nobody Knows About
You put your home on Airbnb. The bookings are strong. The income is rolling in. But according to CRA, your home may no longer be a home. It may now be treated as commercial property – like a hotel. And when you sell, you could owe $150,000 in unexpected tax. Here is the breakdown: 🏠 How Airbnb can trigger CRA's "change of use" rules ⚖️ The 2024 court case where CRA successfully applied HST on sale 💰 How one homeowner could owe roughly $150,000 in HST alone 🚫 Why stopping Airbnb does not fix it — every exit triggers the same tax 📋 What you should do right now if you host on Airbnb These rules were written 30+ years ago for hotels. Nobody in government has updated them for Airbnb. And Airbnb is not warning you.
CRA Is Still Auditing A Tax That No Longer Exists
The Underused Housing Tax was rescinded under Bill C-15 for 2025 and subsequent years. No filings required. No tax owed. But the CRA is still auditing taxpayers who were exempt from the old rules and didn't file the paperwork – for a tax they were never going to owe in the first place. The minimum penalty? $1,000 for individuals and $2,000 for corporations. Per property. Per year. That is not compliance work. That is revenue collection through paperwork penalties on a regime the parliament has already thrown out.
Spring Economic Update 2026
Canada's Spring Economic Update for 2026 is here 🇨🇦 From lower CPP contributions and grocery support to fuel tax relief and homebuyer incentives, these changes could directly impact your finances and tax planning. Their goal is to build a stronger Canada and create long-term economic growth for Canadians. But with rising public debt and major new spending, the bigger question is – who pays for it later?