Keller, what is the 25% when you die?  There is no inheritance tax in Canada -- only tax on income earned in the year of death.  What's more, the NP article cited by old taxpayer show neither calculations nor examples.  (Except for the 35-40% deferral advantage currently enjoyed by business and denied the rest of us).

If a business owner defers taxes by holding them in the corporation it is only right that tax be paid when s/he withdraws.  It's no different than me deferring taxes in my RRSP until I draw down on it. 

I understand that business owners are annoyed that the free ride is over, but this kind of fearmongering and misinformation is counterproductive.