Finance
Records relating to the management of York University and unit financial resources.
FIN08
Accounting
Consists of records relating to management of the accounting system. Records may include accounting charts, case or treasury journals (receipts and disbursements), general journals, purchase journals and supporting documents.
Office of Primary Responsibility
Finance
Retention
7 years after last action
Disposition
Destroy
Other Copies
Retention
2 years after last action
Disposition
Destroy
See Also
Retention Rationale
The Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.) s.230 (4)(b) requires that books and records be kept until the expiration of six years from the end of the last taxation year.
Approved by University Secretary and General Counsel on 2008-06-20