Paperless Tax System for Canadians
Every year around tax season I always swear that I’ll be more organized next year. Then next year rolls around and I’m still matching up a box full of receipts with my credit card statements. In every other aspect of my business I have systems in place to keep me ultra organized, except when it comes to my taxes.
I’ve always wished that there was a better way to organize my taxes throughout the year. Ideally I’d like to ditch the paper receipts completely and go to an entirely digital system.
Ideally I’d like a system that:
- Is entirely digital so I can get rid of paper receipts as soon as I receive them
- Support the ability to import / forward receipts I receive by email since I do a lot of online shopping for business supplies
- A mobile app so I can take pictures with my iPhone
- Ability to save the GST/PST information from receipts separately for tax purposes
- Ability to save receipts into different Tax Categories (Fuel, Education, Supplies, Meals, Etc.)
- Support for exporting into TurboTax / Or has support to generate reports that makes doing taxes at the end of the year easy
I did some research and I found a few products and services that fill this market but none of them met all of my criteria. There were several solutions that were close but they didn’t have support for Canadian users.