Tips & Advice

Tax Tip: How Long Should I Keep My Income Tax Records?

Overview

Keeping your tax records is important to support the information you have provided to the Canada Revenue Agency. The CRA recommends keeping your tax records for at least six years. This six-year period starts at the end of the tax year to which the records relate. Tax records include your returns and the supporting documentation used to prepare them such as expense receipts, T4s that record employment income and at-source deductions and receipts for charitable donations.

Key Concepts

  • tax record retention
  • keeping cra records
  • Canadian tax records