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Financial Records - Cleaning Up

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EMaggio1 View Drop Down
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Joined: Oct/20/2008
Location: Canada
Status: Offline
Points: 7844
Direct Link To This Post Topic: Financial Records - Cleaning Up
    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):
 
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.
Ad augusta per angusta.
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