The Balanced Book is a collection of our experienced tips, advice, and updates on matters of finance. Visit us often to see what new things we have to share with you
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Top 10 Common Bookkeeping Mistakes and How to Avoid Them
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Effective bookkeeping is critical for any business, big or small. At Signature Financial, we’re committed to helping businesses in Thunder Bay and across Canada maintain pristine financial records. Here, we outline the top ten bookkeeping errors that we’ve seen businesses encounter, along with practical advice on how to avoid these common pitfalls.
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Financial Planning Post-Tax Season: What to Do with Your Refund
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Each year when the tax season is behind us, many Canadians are not sure what to do with their tax refunds. This financial boost presents an excellent opportunity for strategic financial planning. Whether you’re in Thunder Bay or accessing our services remotely across Canada, Signature Financial is here to offer guidance on maximizing the potential…
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Everything You Need to Know as a First-Time Tax Filer in Canada
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in taxesFiling your taxes for the first time in Canada can feel like navigating uncharted waters, whether you’re a young adult taking this step independently or a new resident familiarizing yourself with the Canadian tax system. At Signature Financial, we’re dedicated to making this process as smooth and understandable as possible. This guide will walk you…
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Common Tax Filing Mistakes and How to Avoid Them
Tax season can be a stressful time for many Canadians, filled with complicated paperwork and deadlines. Even the most organized individuals can fall prey to common filing mistakes. At Signature Financial, we’re dedicated to making tax preparation in Thunder Bay and across Canada as seamless as possible. This guide is designed to help you identify…
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Navigating Canadian Tax Essentials as a Freelancer
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The gig economy is flourishing, and with it, the number of individuals embracing freelance work in Canada is on the rise. Whether you’re a seasoned freelancer or newly self-employed, understanding the tax essentials is crucial to navigating your financial landscape successfully. At Signature Financial, we specialize in simplifying the complexities of freelancer taxes, ensuring Thunder…
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Tax Deductions: What You Can and Can’t Claim
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Tax season can often feel like navigating a complex maze for small business owners and entrepreneurs. Understanding the intricacies of what you can and can’t claim on your taxes is crucial to maximizing your returns and ensuring compliance with Canadian tax laws. Signature Financial is dedicated to demystifying the process, guiding Thunder Bay businesses and…
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The Ultimate Tax Season Survival Guide for Small Business Owners
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Navigating tax season can be a daunting endeavour for small business owners across Canada. With the complexity of tax regulations and the pressure to maximize returns, it’s essential to approach this period with a well-structured plan. Signature Financial is committed to empowering Thunder Bay businesses with the knowledge and tools necessary for a successful tax…
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Tax Tips for Small Canadian Businesses
As a small business owner in Canada, you know that you are entitled to certain tax deductions. Still, there may be some unknown or new tax saving tips that you are completely unaware of. We have complied a few here so that you can look forward to tax time instead of dreading it!
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5 Franchise Industries for a Fun Second Career After Retirement
There are two different ways to think about starting your own franchise business. You can either step forward as a leader in an industry you understand from top to bottom or you can take your cumulative business knowledge and try something new. Many people who buy a franchise as part of their retirement plan, for…
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Plan Your Personal Budget for the New Year!
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The new year always feels like a fresh start – it’s the season to get in shape, eat healthier, and spend more quality time with loved ones. But don’t forget about your personal budget. The approach of the new year means it’s time to get your budget in order too, so that the next twelve…
