Recordkeeping obligations: maintain proof for each income source and required Income tax Act records to support claims. Taxpayers must maintain proof of earnings for every income source and keep records prescribed under the Income tax Act; if no specific documents are prescribed, they must retain reasonable supporting records sufficient to substantiate claimed income.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Recordkeeping obligations: maintain proof for each income source and required Income tax Act records to support claims.
Taxpayers must maintain proof of earnings for every income source and keep records prescribed under the Income tax Act; if no specific documents are prescribed, they must retain reasonable supporting records sufficient to substantiate claimed income.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.