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common records schedule

Finance

Records relating to the management of York University and unit financial resources.

FIN18

Student Accounts

Consists of records relating to collection and management of tuition and other fees payable by York students. Records may include student accounts statements, records dealing with invoicing, payments and recoveries of tuition fees, issue of receipts for tax purposes or tuition or other fees.


Office of Primary Responsibility

Student Financial Services

Retention

7 years after payment of account or closing of file

Disposition

Destroy


Other Copies

Retention

2 years after last action

Disposition

Destroy


See Also

FIN18-05 - Student Accounts - Tuition Fees History


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