Difference between revisions of "Non-Profit Recordkeeping and Privacy (Societies Act FAQs)"

Non-Profit Recordkeeping and Privacy (Societies Act FAQs) (view source)

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 ===How long do we have to keep our documents and records?===
-Certain documents must be held for longer than others depending on the statute. The non-profit records that must be kept are listed under [https://www.bclaws.gov.bc.ca/civix/document/id/lc/statreg/15018_01#division_d1e1781 s. 20] of the ''Societies Act''. [https://www.bclaws.gov.bc.ca/civix/document/id/lc/statreg/15018_01#section21 S. 21] of the act states that the s. 20 records do not need to be kept once they are no longer relevant to the activities or internal affairs of the non-profit and 10 years have passed since the document was either created or last altered, whichever is most recent. The CRA requires that financial records be kept for 7 years.
+Certain documents must be held for longer than others depending on the statute. The non-profit records that must be kept are listed under [https://www.bclaws.gov.bc.ca/civix/document/id/lc/statreg/15018_01#division_d1e1781 s. 20] of the ''Societies Act''. [https://www.bclaws.gov.bc.ca/civix/document/id/lc/statreg/15018_01#section21 S. 21] of the act states that the s. 20 records do not need to be kept once 10 years have passed since the record was created or last altered '''and''' the record is no longer relevant to the activities or internal affairs of the non-profit. The CRA requires that financial records be kept for 7 years.
 ==Privacy Policy==