Records of filing payroll information returns with the Canada Revenue Agency (CRA).
Content & Scope
Employers are required to file information returns for individuals receiving employment income or other amounts related to income, as well as summaries of the information on individual slips.
This records class excludes records relating to remitting payroll taxes to the CRA.
The records include T4s, T4As, and T4 and T4A summaries.
For records related to CRA remittances, see FN12 – Accounts Payable.
Associate Provost, Human Resources.
Minimum 7 years.
Income Tax Act, 1985.
The retention period is based on the Income Tax Act, 1985, s. 230 (4) which requires records to be kept until the expiration of six years from the end of the last taxation year to which the records and books of account relate.
26 October 2011