Maintaining accurate and comprehensive tax records is a crucial aspect of personal and business financial management in Canada.

Complying with the Canada Revenue Agency (CRA) guidelines on record-keeping can help you avoid potential penalties, streamline your tax preparation process, and ensure you're taking advantage of all eligible deductions and credits.

The general rule of thumb is to keep your tax records for at least six years from the end of the tax year to which they relate.

This includes income tax returns, supporting documents, and any other relevant financial information.

However, there are exceptions and nuances to this guideline that you should be aware of. - https://canadafocusguide.com/blog/how-far-back-keep-tax-records-canada/?unique_id_x7v85mp6

Navigating Tax Record Retention: Compliance Strategies for Canadian Taxpayers