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CRA Record Keeping Requirements

Canada Revenue Agency has specific requirements and policies regarding how small business keep and store their financial records. Read the article below for important information.

Records are all your accounting and other financial information documents. These documents must be kept organized.

The type of information your records contain depend on your situation and other factors such as:

  • your business type
  • the format you use to keep your records (paper, electronic or a combination of the two)
  • if you have converted any paper records or supporting documents into an electronic version
  • if you are involved in e-commerce (for information about e-commerce, go to E-commerce);
  • if you are a GST/HST registrant
  • if you are an employer


The Canada Revenue Agency (CRA) has detailed information for situations where your records, including those of your business, are affected by a disaster. For more information, including what qualifies as a disaster, go to Disasters and disaster relief.

If you need more information after reading the following topics, call 1-800-959-5525.


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