Summary Policy

Date
October 25, 2002 (Revised September 13, 2005)

Reference Number
CSP - B01

Key Words
Books and records - Compliance

A registered charity must keep adequate books and records at a Canadian address it has on file with us, so that we can verify official donation receipts issued, as well as its revenue and expenditures. A charity must also keep source documents that support the information in the records and books of account.

Under the Income Tax Act, failure to comply with keeping proper books and records may result in the suspension of a registered charity's tax receipting privileges.

• Sanctions, CSP-S17.
• Suspension, CSP-S18.
• Books and Records, CIL-2001-021.
• Books and Records Retention / Destruction, IC78-10R4.
• Registered Charities and the Income Tax Act, RC4108.
• Keeping Records - RC4409
• Canadian Committee for the Tel Aviv Foundation v. Canada (2002 FCA 72), 2002-03-01 (http://www.fca-caf.gc.ca/index_e.shtml).
• College rabbinique de Montreal Oir Hachaim D'Tash v. Canada (Minister of the Customs and Revenue Agency) (2004 FCA 101), 2004-03-09 (http://www.fca-caf.gc.ca/index_e.shtml).
• Income Tax Act, R.S.C. (5^th c. 1, para. 188.2(2)(a), ss. 230, 230.1 and 248(1).