CRA Takes 80% When You Die

What this episode covers

When you die owning a corporation in Canada, the CRA can take up to 80% of its value through layers of taxation — leaving your family with almost nothing.In this video, I break down how this actually happens using a simple $1 million corporation example, and why most business owners only discover this problem when it's already too late.You'll learn:• How CRA applies a deemed disposition when you die• How a $1M corporation can trigger over $800K in total taxes• How capital gains tax, dividend tax, and corporate tax stack together• What "double" and "triple" taxation really mean in practice• What post-mortem tax planning is• What strategies can reduce the tax outcome from approximately 80% down to approximately 27%• Why this issue affects employees, jobs, and entire communities — not just owners• The three questions every incorporated business owner must ask their tax advisorHere's the blog related to this topic on our website:theadvisorstable.comIf you own a corporation, this is something you cannot afford to ignore. Without planning, years of work can disappear to taxes in a single event.Blog: "5 Questions to Ask Your Advisor" checklist at theadvisorstable.comSubscribe for more practical Canadian tax and business insights.Comment if you've seen this happen in real life — or if you want a second set of eyes on your situation.#AdvisorsTable #CanadianTax #EstatePlanning #BusinessOwners #CRA

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