Business Owners: Why Selling Could Cost You $340K in Extra Tax

The Lifetime Capital Gains Exemption can save a Canadian business owner hundreds of thousands of dollars when they sell — but only if their shares qualify, and most owners have never had that checked. If you own an incorporated business in Canada and expect to sell it one day, this is the tax planning conversation to have years before a buyer ever shows up. In this video, Kris Dureau of Green Private Wealth walks through what the Lifetime Capital Gains Exemption actually is, what it's worth in 2026, the conditions your shares have to meet to qualify, the common mistake that quietly disqualifies profitable companies, and why the planning has to happen long before the sale. This is for you if you're a Canadian business owner thinking about an exit in the next 5 to 10 years — or if you simply want to understand whether your company would qualify today. 📄 Free guide: Are You Thinking of Selling Your Business It covers what buyers look for, how deals get structured, and the planning that needs to happen before you go to market. 👉 https://bit.ly/business-exit-029 📅 Prefer to talk it through? Book a complimentary 20-minute call with our team: 👉 https://calendly.com/kdureau/20min Chapter Markers: 0:00 The $340,000 Tax Mistake 0:38 The Lifetime Capital Gains Exemption 1:18 What the Exemption Could Be Worth 1:57 The 90% Active Asset Test 3:34 The Two-Year Qualification Rules 4:36 How Corporate Purification Works 5:49 3 Questions Business Owners Should Ask 6:42 Using the Exemption for Multiple Family Members 8:26 The Most Important Planning Takeaway About Green Private Wealth We help Canadian families and business owners turn financial complexity into a clear, actionable plan — so you always know where you stand and how your future is protected. 🔔 Subscribe for straightforward financial planning content for Canadians. LinkedIn: https://www.linkedin.com/company/gree... Facebook:   / greenprivatewealth   Instagram:   / greenprivatewealth   Disclaimer - All comments are of a general nature and should not be relied upon as individual advice. The views and opinions expressed in this commentary may not necessarily reflect those of Harbourfront Wealth Management. While every attempt is made to ensure accuracy, facts, and figures are not guaranteed, the content is not intended to be a substitute for professional investing or tax advice. Please seek advice from your accountant regarding anything raised in the content of the podcast regarding your Individual tax situation. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning. #BusinessOwners #CanadianTax #SellingYourBusiness