Filing taxes is one of the tedious processes and not everyone is up for it. Hence, the very reason why some people skip paying taxes while others hire freelance bookkeeping service, especially those who are running a business may it be big or small. When filing taxes, there are some documents needed to comply and we will discuss these things in this article.

• Proof of personal identity – For the purpose of filing your return, it is a must to provide SIN and date of birth. SNN stands for Social Insurance Number (SIN). Additionally, make sure that the direct deposit and mailing address are correct.
• The banking details are current – Gathering your revenue from all sources such as your income for retirement, employment or self-employment income, along with other incomes including investment income, is necessary. Earnings or interest from savings, as well as earnings from social assistance or job perk.
  
• Your receipts for credits and deductions — you can claim a variety of credits, deductions, and costs on your tax return. These can increase your possible return or lower your taxes due. Charitable contributions, RRSP contributions, moving costs, union dues, and more are a few examples of deductions. To claim these, you will need to have your receipts on hand.
• Your tax return from the prior year – If you are filing your tax for the current year, you might need to consult your tax return from the prior year. Keep your last year’s tax return along with the notice of assessment close at hand. For information like your RRSP deduction limitor quantities of tuition carryover, this will be helpful. Additionally, you can be required to cite particular lines from your prior year’s return.

Having the appropriate paperwork and information on hand can significantly make the tax filing process much simpler and easier. Establishing the practice of keeping all of your tax year’s paperwork in one location, such as a file box, digital folder, or paper envelope, is a smart idea. In other words, you have to be organized, ensuring that all documents are intact.