Finance
Records relating to the management of York University and unit financial resources.
FIN55
Taxes
Consists of records relating to taxes levied by various levels of government. Records may include tax statements, declarations or recoveries of sales tax and GST payments, excise tax remittances and records dealing with the issue of charitable receipts.
Office of Primary Responsibility
Finance
Advancement Services for charitable donation receipts
Retention
7 years after last action
Disposition
Destroy
Other Copies
Retention
2 years after last action
Disposition
Destroy
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