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CRA Penalizes You $334K For Having Cash
You might be losing $334,000 in tax savings right now.
If you're a Canadian business owner with excess cash, investments, or intercompany loans inside your operating company, you could be blocked from claiming your $1.25 million Lifetime Capital Gains Exemption (LCGE).
In this video, I break down:
• The 3 tests your company must pass to qualify for the LCGE
• Why most business owners fail the 90% active asset test
• How excess cash, loans to holding companies, and investments can disqualify you
• A real example of a business owner who lost $334,000 in tax savings
• How to "purify" your corporation properly
• Why a Section 55 butterfly reorganization must be done correctly
This applies whether you're planning to sell your business or simply want to protect your family from a massive tax bill at death.
Related Resources:
• Part 1: CRA Tax Rule That Wipes Out Inheritances
• Download the LCGE Qualification Checklist at theadvisorstable.com
Coming Next:
• Part 3: What Rob Should Have Done — estate freezes, succession strategies, spousal trusts, and life insurance
Looking for Trusted Tax Advice?
Connect with Sankalp (Sunny) Jaggi at Cedar Consulting Group.
Email: [email protected]
Website: cedargroup.ca
Subscribe for real-world tax and estate scenarios that show what happens without planning.
Comment below: Has your accountant ever advised you to "purify your corporation" or "clean up your passive assets"?
Legal Disclaimer: This video is based on a real case, but names and some details have been changed to protect client confidentiality. This content is for educational purposes only and does not constitute legal or tax advice. Always consult with a qualified tax professional before making financial decisions.
Timestamps:
00:00 – Rob's $334,000 Tax Mistake (Real Case)
01:47 – The 3 Tests to Qualify for the Capital Gains Exemption
03:22 – Why This Really Matters for Business Owners
03:36 – The 3 Passive Assets That Usually Fail You
05:04 – How to Fix Passive Assets (Simple Options)
06:01 – Butterfly Reorganization and Serious Warning
08:22 – The 12-Month Rule You Must Know
09:15 – What You Should Do This Week (Action Steps)
#TheAdvisorsTable #LCGE #CanadianTax #BusinessOwners #TaxPlanning #EstatePlanning #CorporateTax #SuccessionPlanning
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By AdvisorsTablePodcastYou might be losing $334,000 in tax savings right now.
If you're a Canadian business owner with excess cash, investments, or intercompany loans inside your operating company, you could be blocked from claiming your $1.25 million Lifetime Capital Gains Exemption (LCGE).
In this video, I break down:
• The 3 tests your company must pass to qualify for the LCGE
• Why most business owners fail the 90% active asset test
• How excess cash, loans to holding companies, and investments can disqualify you
• A real example of a business owner who lost $334,000 in tax savings
• How to "purify" your corporation properly
• Why a Section 55 butterfly reorganization must be done correctly
This applies whether you're planning to sell your business or simply want to protect your family from a massive tax bill at death.
Related Resources:
• Part 1: CRA Tax Rule That Wipes Out Inheritances
• Download the LCGE Qualification Checklist at theadvisorstable.com
Coming Next:
• Part 3: What Rob Should Have Done — estate freezes, succession strategies, spousal trusts, and life insurance
Looking for Trusted Tax Advice?
Connect with Sankalp (Sunny) Jaggi at Cedar Consulting Group.
Email: [email protected]
Website: cedargroup.ca
Subscribe for real-world tax and estate scenarios that show what happens without planning.
Comment below: Has your accountant ever advised you to "purify your corporation" or "clean up your passive assets"?
Legal Disclaimer: This video is based on a real case, but names and some details have been changed to protect client confidentiality. This content is for educational purposes only and does not constitute legal or tax advice. Always consult with a qualified tax professional before making financial decisions.
Timestamps:
00:00 – Rob's $334,000 Tax Mistake (Real Case)
01:47 – The 3 Tests to Qualify for the Capital Gains Exemption
03:22 – Why This Really Matters for Business Owners
03:36 – The 3 Passive Assets That Usually Fail You
05:04 – How to Fix Passive Assets (Simple Options)
06:01 – Butterfly Reorganization and Serious Warning
08:22 – The 12-Month Rule You Must Know
09:15 – What You Should Do This Week (Action Steps)
#TheAdvisorsTable #LCGE #CanadianTax #BusinessOwners #TaxPlanning #EstatePlanning #CorporateTax #SuccessionPlanning