How Long Are Records Retained in Canada? Best Practices Explained

Discover the record retention timelines in Canada for different sectors, including tax and medical records.

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In Canada, records retention varies by type and jurisdiction. Generally, tax records should be kept for 6 years from the end of the tax year. Medical records are typically retained for 10 years after the last visit. Always check specific laws relevant to your province or territory for accurate information.

FAQs & Answers

  1. What is the general record retention period for businesses in Canada? Generally, businesses in Canada should retain tax records for 6 years after the end of the tax year.
  2. How long must medical records be kept in Canada? Medical records are typically retained for 10 years after the last patient visit.
  3. Do record retention laws vary by province in Canada? Yes, record retention laws can vary by province, so it’s important to check local regulations.
  4. What types of records have specific retention requirements? Tax, medical, and legal documents usually have specific retention requirements that should be followed.