Results 1 to 4 of 4

Thread: Receipts

  1. #1
    Featured Member
    Joined
    Nov 2012
    Location
    Canada
    Posts
    1,733
    Thanks
    6,163
    Thanked 4,086 Times in 1,309 Posts

    Default Receipts

    Hello,

    This may seem like a stupid question but for the past years, it was always my dad who would take care of my taxes. Last year was the first time I did it myself with an accountant who was referred to me by a co-worker.

    I gave him all the original receipts and did not keep any copy for myself, I think that was a mistake... I am worried about my tax declarations for this year. Do I have to make a copy of all my 2013 receipts and give the original ones to my accountant so he could send them to the government? Do I have to send the receipts at all or can I just keep them and write off the amounts in my taxes? I am talking about the deductible expenses like monthly fees for public transportation, prescription lenses, tuition fee, etc...


    Thanks!!

  2. #2
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Receipts

    ^^^ actually those receipts do NOT get sent to the IRS. Your accountant probably still has your receipts from last year, and is probably holding them against a potential IRS audit on the assumption that you will choose to keep using the same accountant.

  3. #3
    Featured Member
    Joined
    Nov 2012
    Location
    Canada
    Posts
    1,733
    Thanks
    6,163
    Thanked 4,086 Times in 1,309 Posts

    Default Re: Receipts

    Wow I had no idea!!

    So that means I have no receipts at all to send, my accountant just has to write off the expenses deductions for me and I keep my receipts in case there is an audit?

    Thanks so much for your answer

  4. #4
    God/dess shanna dior's Avatar
    Joined
    May 2008
    Location
    Canada
    Posts
    4,980
    Thanks
    621
    Thanked 6,894 Times in 2,672 Posts

    Default Re: Receipts

    ^Exactly. The CRA says to keep supporting documents (i.e. receipts) for 6 years, so don't just throw them out next year.

  5. The Following User Says Thank You to shanna dior For This Useful Post:


Similar Threads

  1. Can I deduct my housefees without receipts?
    By SydneyII in forum Dollar Den
    Replies: 3
    Last Post: 02-12-2008, 05:32 AM
  2. Rent Receipts?
    By MadisonM in forum Dollar Den
    Replies: 6
    Last Post: 05-25-2006, 01:11 PM
  3. Lost Receipts - Deductions
    By AudreyLeigh in forum Dollar Den
    Replies: 4
    Last Post: 01-06-2006, 12:41 PM
  4. Totalling receipts for deductions
    By paintgoddess in forum Dollar Den
    Replies: 1
    Last Post: 12-31-2005, 12:28 AM
  5. Receipts and Credit Card Charges
    By doc-catfish in forum General Board
    Replies: 15
    Last Post: 10-14-2003, 11:05 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •