Keep your income tax documents ready, all year round

Small filing habits that make year-end preparation easier.

Organise records as the year progresses

Keep income records, bank statements, investment documents and supporting certificates in a clearly named folder. Use a separate folder for each financial year.

Keep a list of documents received

Track the source, period covered and date received. If an item is missing or appears incorrect, note it for follow-up.

Reconcile before relying on a total

Compare figures across your records and investigate differences. Keep a written explanation for any reconciliation adjustment.

Review the applicable requirements

Document requirements depend on the person and the transaction. This article describes a filing routine, not current tax eligibility or rates. Confirm the latest applicable provisions before professional use.