Income Tax Act, section 230(4): records kept for the prescribed period, otherwise six years from the end of the last taxation year (Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.), s. 230(4))
The statute behind the CRA's six years. Where the regulations prescribe a period (as they do for a dissolved corporation), that period applies instead.
Dated 31 Oct 2026Source checked 31 Oct 2026Basis: primary text
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In the source's own words
“Every person required by this section to keep records and books of account shall retain (a) the records and books of account referred to in this section in respect of which a period is prescribed, together with every account and voucher necessary to verify the information contained therein, for such period as is prescribed; and (b) all other records and books of account referred to in this section, together with every account and voucher necessary to verify the information contained therein, until the expiration of six years from the end of the last taxation year to which the records and books of account relate.”
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