Posts by daveloncaric

Business owner reviewing corporate cash and tax planning decisions

One Tax Mistake That Costs Business Owners $20K–$50K

One of the most common tax mistakes business owners make is treating corporate cash like personal cash. Without a coordinated strategy between corporate structure, tax planning, and withdrawals, even simple decisions can trigger unexpected tax bills of $20K–$50K+. Here’s why it happens and how to avoid it.

Business owner considering what to do with excess cash in their corporation

What Do You Do When Your Corporation Has More Cash Than It Needs?

What should you do when your corporation has more cash than it needs? For many business owners, this decision feels heavier than expected. This article walks through the real options, investing, withdrawing, or waiting, and how to choose based on flexibility, tax, and real life, not just what sounds smartest.

Business owner reflecting on holistic financial planning and life balance

The Difference Between Managing Money and Feeling Supported by It

Many business owners follow all the “right” financial advice and still feel like something is missing. This article explores why traditional financial planning can feel incomplete, and how a more holistic approach connects money to real life, time, and peace of mind.

Trust versus will comparison for estate planning in Canada

Trust vs Will in Canada: What’s the Difference

What’s the difference between a trust and a will in Canada? While both play a role in estate planning, they serve very different purposes. This article explains how trusts and wills work, when each makes sense, and how to choose the right approach for your situation.

Business owner reviewing tax documents and reflecting on financial patterns

What Tax Season Reveals (That Most Business Owners Miss)

Tax season often reveals more than just what you owe. For many business owners, it highlights patterns in income, cash flow, and decision-making that aren’t always obvious during the year. This article explores what tax season can quietly reveal and how to use those insights going forward.

Business owner considering whether they need a financial advisor

Do I Actually Need a Financial Advisor as a Business Owner?

Do I actually need a financial advisor as a business owner? Many owners don’t ask this question until decisions feel heavier and the stakes feel higher. This article breaks down when support becomes valuable and what role a financial advisor can really play for business owners.

Five common tax mistakes business owners make and how to avoid them

5 Tax Mistakes Business Owners Make (And How to Avoid Them)

Many business owners don’t make tax mistakes because they’re careless. They make them because no one explained what actually matters. Here are five common tax mistakes business owners make, and how to avoid repeating them.

Advisor from Ocean 6 with text overlay reading “How to Pay Less Tax to the CRA

How Business Owners Can Pay Less Tax to the CRA

Most business owners don’t overpay tax because they’re careless. They overpay because their decisions aren’t connected. Here’s how more intentional planning can help business owners pay less tax to the CRA over time.

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