Despite the numerous benefits of paperless banking, many Canadians continue to opt for paper statements. According to Forrester Research, while nearly half of all Canadians now receive their financial statements electronically, 86% still receive paper versions. Among all types of financial statements, credit card statements are the worst offenders, with only four per cent of consumers receiving them electronically. However, there is good news for those who need paper-based statements - there are financial institutions that will pay you to opt for electronic-only statements.
Income Tax Return Information - The paper version of this document contains a section 241 stamp. On the other hand, the corresponding online version is simply titled Notice of Assessment. This document contains vital information to validate your income for a particular tax year. Hence, it is important to keep a copy of your income tax return for future reference. You can use it as evidence of your income and expenses. In fact, it is an essential part of your company's communications.
Address verification - Manually adding mailing addresses is time-consuming and prone to errors. Even sending a statement to the wrong client can negatively impact your relationship with them. For this reason, PostGrid offers free address verification. The automated system validates addresses against local postal standards to deliver accurate and timely statements. This way, you can be sure that every statement is delivered on time, improving your customer satisfaction and cross-selling opportunities. Whether your statements are for your clients or the customers of your business, this automated service will ensure the delivery of your statements on time and compliantly.
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