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Use Envelope for a Year's Worth of Receipts

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Date: 01/24/2008 Topic: Budget & Finance > Tax Tips  
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I have a tip for organizing your receipts for income tax. Every year in January, I get a medium brown envelope and write on it "Tax receipts 200?" (whatever year is the current one). I put all my receipts in it through the year. Then, the next year when it is time to file your income tax return, your receipts are together and they are easy to sort into categories. Filing made easy for the accountant and yourself. You are not wasting time looking for receipts and trying to remember where they are.

By Sheila from Ontario, Canada
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