Electronic Record-keeping In Canada

The obligations of Canadian taxpayers regarding the retention and protection of books are the same for businesses conducted over the Internet as for any other business process. Additionally, the Canada Revenue Agency (CRA), also known as Revenue Canada, has recognized certain requirements regarding electronic record-keeping, which are applicable to those doing business over the Internet.

The following questions have been addressed in this article:

What Are The Requirements For Electronic Record-Keeping?
What Additional Requirements Must Be Fulfilled By Companies Doing Business On The Internet?
Where Should The Taxpayer Keep Electronic Records?
Are Taxpayers Who Entrust Record-Keeping To Third Parties Exempted From Requirements?
What Are The ‘Audit Trail’ Requirements For Electronic Records?

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