Most business owners don’t realize this until it’s too late.
You can build a successful company, sell it for a great price…and still hand over a massive chunk of it to the CRA.
A business owner once said to me:
“I didn’t spend 20 years building this just to give half of it to the government.”
And yet, that’s exactly what happens far too often.
The biggest mistake? Waiting until a sale is already on the table to think about tax.
In Canada, there’s something called the Lifetime Capital Gains Exemption that can allow qualifying business owners to sell shares with little or no tax.
With the right planning done early, that exemption can sometimes even be multiplied using family structures.
Same business.
Same sale price.
Very different outcome after tax.
This isn’t about loopholes or aggressive strategies. It’s about understanding the rules before they matter.
The biggest regret I hear after a sale isn’t about the price…it’s, “I wish I had known this sooner.”
If you’re a business owner who might sell one day — even years from now — this is worth learning early.
Morgan Wealth Management of RBC Dominion Securities Inc.
Wealth Advisor | Certified Financial Planner | Simplifying complex financial matters to help Canadians live life confidently
I serve hard-working Canadian business leaders who have built or led companies to great success. They could not have gotten here without a strong sense of purpose and being meticulous in their planning and execution of business strategy. They each have a unique story, but what they all share in common is the wisdom to partner with a CFP® Professional. Working with our team, our clients are introdu
Clarity. Confidence. Connection.
That's what real financial advice should deliver.
At Morgan Wealth Management, we help busy, ambitious people thrive--with a process that's smart, simple, and built entirely around them.
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