Raymond just completed his 2007 personal tax returns with many tax credits claimed. This year (2010)he wants to discard his old document, but his accountant advised him that he has to keep all original receipts and records for his 2007 tax year
A)until 2011.
B)until 2012.
C)until 2013.
D)indefinitely.

Question

Quizplus · Accepted Answer

The best choice is to keep all original receipts and records indefinitely. This is because the Canada Revenue Agency (CRA) can request to review tax documents up to six years after the tax year in question, and in some cases, they may request to review even older documents. It is important to keep all documents in case of a review or audit from the CRA.

Raymond Just Completed His 2007 Personal Tax Returns with Many