Whenever you use an account — whether in Invest or Trade mode — there may be yearly paperwork. The term wealthsimple tax refers to a tool that some people use to gather their documents in one place. But even without that specific tool, the same principle applies: keep a simple record of your account activity. I recommend saving any monthly statements or confirmation emails in a single folder. This way, when the season for paperwork arrives, you are not searching frantically.

A wealth simple mindset means avoiding over‑complication. For your records, you do not need spreadsheets with dozens of columns. Instead, write down three things: the date of each action, the mode you used (Invest or Trade), and any amount involved. Once a quarter, log into your account using your regular wealthsimple login (or any provider’s login page) and download the summary page. That summary plus your notes will cover 90% of what you might need later. I have done this for years and never felt lost.

Remember that I am not a tax professional — I am just sharing how I stay organised. Different places have different rules, so always check your local guidelines. But the habit of keeping simple records works everywhere. If you use an account with $0 commissions, you still generate activity records, so do not ignore them. Start today: create a folder called “my account notes” and save your first statement. A little organisation goes a long way toward feeling calm and in control.