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Financial Records - Cleaning Up

Printed From: LINC Home Study Program Forum
Category: Public Forum
Forum Name: Career
Forum Description: Career advice, planning and resources
URL: http://www.linchomestudy.ca/online/forum/forum_posts.asp?TID=1634
Printed Date: Dec/06/2019 at 3:04pm
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Topic: Financial Records - Cleaning Up
Posted By: EMaggio1
Subject: Financial Records - Cleaning Up
Date Posted: Dec/30/2009 at 7:44am
How long should you keep financial records? Here is a quick guide to help, (taken from http://www.metronews.ca/toronto/live/article/408340--new-year-new-resolutions - http://www.metronews.ca/toronto/live/article/408340--new-year-new-resolutions ):
 
1. Tax information and returns — 6 years.

2. Investment statements — 3 years (if you are reporting capital gains or losses on investments those statements must be also kept for 6 years.)

3. Purchase receipts — double the warranty period as some retailers may replace or repair items past the warranty date.

4. Bank and credit card statements — 2 years.


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Ad augusta per angusta.



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