What’s your favourite season? We’re willing to bet it isn’t tax. Unfortunately, tax season is upon us, which means it’s time to grab your calculator, pull out your receipts, and attempt to remember your Turbotax password. As you prepare to file, you might realize just how much paper you have. Files dating back decades can take up a lot of space. While it’s tempting to throw all of these old documents out with the rest of the garbage to free up some space don’t do it. Get a document destruction company to handle the job.
Placing these old documents in the garbage where anyone can find them is a dangerous habit. Most people won’t go through your bins to find this information, but career criminals know your trash is a source ripe for financial and contact information. A name, a Social Insurance Number, and a bank account is all they need to open fraudulent accounts in your name. It may not be noticeable immediately, but eventually you’ll see the effects of their spending habits on your credit rating.
Millions of identities are stolen each year when files are disposed of in this way—which is a shame because it’s so easy to prevent. All you need to do is contact a shredding professional to keep your identity safe. Document destruction isn’t just reserved for the biggest companies in Toronto. These companies help individuals all over the city every day. You can learn about residential paper shredding by contacting the document shredding Toronto businesses trust, as these services are properly vetted and trained to handle any kind of information — including your old tax documents!
Just remember, before you call any service in the city to make sure you aren’t preparing to shred any information you might need. The Canada Revenue Agency asks that you keep any tax receipt and its supporting documents for 7 years after you file, just in case they decide to review your old returns. Double check the dates of any invoice, receipt, or bill before you place it in the pile to shred. Anything7 years or older, on the hand, is entirely safe to shred.
If you’re the type to hoard old paperwork, your home may be overtaken by files and other documents. Take advantage of tax time and go through your old paper. Keep relevant returns but let a shredding professional destroy old tax files. Together, you’ll be able to clear up critical space in your home.