According to Canada Revenue Agency .. RC4409(E) – Keeping Records Chapter 1 – General Information ” ….. information in this chapter applies to record keeping related to income taxes, GST/HST, payroll, trusts, registered pensions, registered charities, registered Canadian amateur athletic associations, municipal corporations, hospitals, and non-profit organizations. This chapter applies to records in paper format, electronic format, or a combination of both.” You are required by law to keep complete and organized records as stated in the: Income Tax Act (ITA); Excise Tax Act (ETA); Canada Pension Plan (CPP); Employment Insurance Act (EIA); and Air Travellers Security Charge Act (ATSCA).
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